Discovery Early Career Researcher Award - Grant ID: DE160101306
Funder
Australian Research Council
Funding Amount
$373,848.00
Summary
Valuing the non-market benefits of mine site rehabilitation. This project aims to improve decisions about mine site rehabilitation. Mining causes environmental damage, which mine operators are legally required to rehabilitate. Although companies invest considerably in mine site restoration and biodiversity offsets, we don’t know whether their practices match public preferences for rehabilitation outcomes. Filling this knowledge gap is challenging because the benefits of rehabilitation (eg biodiv ....Valuing the non-market benefits of mine site rehabilitation. This project aims to improve decisions about mine site rehabilitation. Mining causes environmental damage, which mine operators are legally required to rehabilitate. Although companies invest considerably in mine site restoration and biodiversity offsets, we don’t know whether their practices match public preferences for rehabilitation outcomes. Filling this knowledge gap is challenging because the benefits of rehabilitation (eg biodiversity) are not traded in markets. This project aims to address these challenges by estimating, in monetary terms, the values provided by mine site restoration. By identifying these values, the project expects to contribute to improving the design of mine rehabilitation standards, and will enable future policy decisions to be more closely aligned with society’s preferences.Read moreRead less
The value of characteristics of Australian wheat. This project will identify the functional wheat characteristics considered by the Japanese millers when deciding what and how much to buy. It will also determine how these functional and non-functional Australian wheat characteristics are perceived by the millers compared to other countries, and determine the importance of each one of these characteristics on the final choice.
Benefits and costs of non-market valuation for environmental management. Benefits from environmental policies are often unpriced “non-market values” (NMVs). Environmental agencies struggle to know how best to measure these relatively intangible benefits, but doing so is important to ensure value for money from public investments. Environmental economists have developed and applied a wide range of methods for estimating NMVs. The methods vary in their comprehensiveness, accuracy and cost. Yet no ....Benefits and costs of non-market valuation for environmental management. Benefits from environmental policies are often unpriced “non-market values” (NMVs). Environmental agencies struggle to know how best to measure these relatively intangible benefits, but doing so is important to ensure value for money from public investments. Environmental economists have developed and applied a wide range of methods for estimating NMVs. The methods vary in their comprehensiveness, accuracy and cost. Yet no rigorous tool is available to assess (a) which NMV method is best to implement, accounting for its cost and its potential to improve decisions, or (b) whether any NMV method improves decisions enough to warrant its cost. In creating such a tool, this project will deliver a key breakthrough in environmental economics.Read moreRead less