Solving the water crisis in Australian cities and towns with options contracts between urban and rural water users. We will equip water resource managers with a powerful and effective tool for the allocation of water resources between rural and urban sectors. The importance of this bridge cannot be understated. To date urban centres have endured stringent water restrictions to manage dwindling urban suppliers, while ignoring the potential benefits of purchasing water from the irrigated agricul ....Solving the water crisis in Australian cities and towns with options contracts between urban and rural water users. We will equip water resource managers with a powerful and effective tool for the allocation of water resources between rural and urban sectors. The importance of this bridge cannot be understated. To date urban centres have endured stringent water restrictions to manage dwindling urban suppliers, while ignoring the potential benefits of purchasing water from the irrigated agriculture sector. Furthermore, rural communities have suffered hardship due to restricted agricultural production during times of drought. This research proposal represents an exciting solution to both problems and offers the tantalising prospect of water shortages in our capital cities and towns becoming distant memories.Read moreRead less
Assessing the impacts of proposed carbon trading and tax schemes on the Australian electricity industry and the overall economy. Currently, policymakers require a much clearer understanding of the impacts of different carbon abatement policies. Mounting evidence on global warming is making this an increasingly urgent priority. The proposed project is specifically concerned with using state of the art economic modelling approaches to give the best advice possible to policymakers in crafting an e ....Assessing the impacts of proposed carbon trading and tax schemes on the Australian electricity industry and the overall economy. Currently, policymakers require a much clearer understanding of the impacts of different carbon abatement policies. Mounting evidence on global warming is making this an increasingly urgent priority. The proposed project is specifically concerned with using state of the art economic modelling approaches to give the best advice possible to policymakers in crafting an environmentally sustainable set of economic policy instruments that can maintain our enviable standard of living well into the future. The findings of the project will be available before the new Kyoto negotiation round commences.Read moreRead less
Climate Change Projections and Policy Design Under Uncertainty. The issue of climate change and policy responses is one of the most important questions facing the world today. This research develops a global framework for understanding the many complexities surrounding this issue, for undertaking projections of emissions, for evaluating alternative policy proposals and for developing new policies. In particular it will provide a framework for undertaking alternative scenarios about future econom ....Climate Change Projections and Policy Design Under Uncertainty. The issue of climate change and policy responses is one of the most important questions facing the world today. This research develops a global framework for understanding the many complexities surrounding this issue, for undertaking projections of emissions, for evaluating alternative policy proposals and for developing new policies. In particular it will provide a framework for undertaking alternative scenarios about future economic growth and carbon emissions and attempt to quantify uncertainties. It will also focus on major developing countries such as China and India which will be critical in the future evolution of world economic activity and greenhouse emissions.Read moreRead less
Designing Better Landowner Contracts to Protect Australia's Environment. There will be two main benefits from this project. First a reduction in the cost of protecting the environment and second, a greater awareness amongst regulators of the determinants of compliance costs and their variability amongst landowners. By making environmental contracts more efficient, this project will contribute towards making Australian agriculture more sustainable in terms of protecting biodiversity, conserving ....Designing Better Landowner Contracts to Protect Australia's Environment. There will be two main benefits from this project. First a reduction in the cost of protecting the environment and second, a greater awareness amongst regulators of the determinants of compliance costs and their variability amongst landowners. By making environmental contracts more efficient, this project will contribute towards making Australian agriculture more sustainable in terms of protecting biodiversity, conserving water and reducing the rate of soil loss.Read moreRead less
China's Industrialisation and Demand for Energy and Minerals. Understanding China's medium and long-term growth prospects and the implications for both demand and supply of resources are critically important to Australian economic policy and performance, as well as to investment decisions of Australian resource producers, and professional decisions of Australians in a wide range of occupations. Analysis of the medium and long-term demand for resources from China would be beneficial for Australia ....China's Industrialisation and Demand for Energy and Minerals. Understanding China's medium and long-term growth prospects and the implications for both demand and supply of resources are critically important to Australian economic policy and performance, as well as to investment decisions of Australian resource producers, and professional decisions of Australians in a wide range of occupations. Analysis of the medium and long-term demand for resources from China would be beneficial for Australian resource industries. It is also important to Australian budget, education and infrastructure policy. Increasing Chinese demand for resources will be critical in shaping global environmental policies.Read moreRead less
Modelling Payments for Environmental Services on Indigenous held lands. Payments for environmental services (PES) such as fire management have potential to provide employment to indigenous people managing land that has previously been thought to hold no commercial value. In so doing it could transform the economies of the very remote parts of Australia where indigenous people live. For these schemes to work, however, greater understanding is required not only of the willingness of society to pay ....Modelling Payments for Environmental Services on Indigenous held lands. Payments for environmental services (PES) such as fire management have potential to provide employment to indigenous people managing land that has previously been thought to hold no commercial value. In so doing it could transform the economies of the very remote parts of Australia where indigenous people live. For these schemes to work, however, greater understanding is required not only of the willingness of society to pay for environmental services in northern Australia but also of the perceptions of the indigenous people who are providing these services. Choice modelling can (1) quantify values of different environmental services in different sectors of society and (2) help allocate the payments for environmental services efficiently.Read moreRead less
Integrating economics and science for land, water and biodiversity policy. Australian government programs for land and water conservation involve expenditure of billions of dollars, combined with much larger contributions from program participants. However, various problems with these programs have been identified. This research will assist program investors to better target funding, to employ more appropriate policy mechanisms, and to operate in a cost-effective way, achieving the most highly v ....Integrating economics and science for land, water and biodiversity policy. Australian government programs for land and water conservation involve expenditure of billions of dollars, combined with much larger contributions from program participants. However, various problems with these programs have been identified. This research will assist program investors to better target funding, to employ more appropriate policy mechanisms, and to operate in a cost-effective way, achieving the most highly valued environmental outcomes that can be achieved with the available budget. The project will develop improved theories, frameworks and economic models, integrating information from physical, biological and social sciences, and decision tools for use by environmental decision makers.Read moreRead less
Auctions of Standing Trees. This project is critical to the ecological well-being of Australia. Standing trees are extremely important in Australia because they prevent soil erosion and stabilize water tables; their location influences fire risks. Much timber is sold at auction. While it is possible and desirable to learn how other nations use auctions to sell standing trees, information from those locales needs to be used with care when adapting it to the Australian experience. The project ....Auctions of Standing Trees. This project is critical to the ecological well-being of Australia. Standing trees are extremely important in Australia because they prevent soil erosion and stabilize water tables; their location influences fire risks. Much timber is sold at auction. While it is possible and desirable to learn how other nations use auctions to sell standing trees, information from those locales needs to be used with care when adapting it to the Australian experience. The project will use state-of-the art theory and methods to implement novel public policy. It will also develop expertise necessary to implement modern economic methods in environmental policy settings.Read moreRead less
Economic Analysis of an Environmental Challenge: Salinity, Uncertainty and Property. The applicability of standard property-rights solutions to complex environmental issues such as salinity is examined. Water and carbon trading, as well as issues relating to agricultural land management are addressed. In particular, the use of price instruments as a potentially more attractive mechanism than standard quantity instruments for achieving desirable outcomes is examined. The project will exploit and ....Economic Analysis of an Environmental Challenge: Salinity, Uncertainty and Property. The applicability of standard property-rights solutions to complex environmental issues such as salinity is examined. Water and carbon trading, as well as issues relating to agricultural land management are addressed. In particular, the use of price instruments as a potentially more attractive mechanism than standard quantity instruments for achieving desirable outcomes is examined. The project will exploit and extend recent theoretical developments in modelling under conditions of uncertainty, and the use of price and quantity instruments in regulatory contexts.Read moreRead less
Determining urban water conservation and management strategies: a novel approach using field experiment and survey data. The project's national benefits are consistent with the research priorities that evaluate an environmentally sustainable Australia through efficient and sustainable water use. The project explores how households react to different demand side instruments and identifies water saving strategies preferred by the public. The findings can be used by decision-makers to select eff ....Determining urban water conservation and management strategies: a novel approach using field experiment and survey data. The project's national benefits are consistent with the research priorities that evaluate an environmentally sustainable Australia through efficient and sustainable water use. The project explores how households react to different demand side instruments and identifies water saving strategies preferred by the public. The findings can be used by decision-makers to select effective instruments to enhance water conservation, reduce water consumption and therefore use water sustainably according to Australia's ecological means. Read moreRead less