Maximising the conservation of biodiversity and the delivery of ecosystem services: What to do, where and when. The economic wealth of Australia is underpinned by its remarkable biological diversity. However, land and water degradation are eroding Australia's natural asset base damaging industries such as tourism, fisheries, and forestry. Given limited funds for biodiversity conservation, we need to minimise the misallocation of resources by making wise investments. This research will result in ....Maximising the conservation of biodiversity and the delivery of ecosystem services: What to do, where and when. The economic wealth of Australia is underpinned by its remarkable biological diversity. However, land and water degradation are eroding Australia's natural asset base damaging industries such as tourism, fisheries, and forestry. Given limited funds for biodiversity conservation, we need to minimise the misallocation of resources by making wise investments. This research will result in frameworks and tools to ensure that we maximise the protection of biological diversity and the delivery of ecosystem services (such as clean water) that are important for human well-being. We will share the results of our research with decision makers, scientists, and the general public.Read moreRead less
Institutional transitions to sustainable agriculture: An inter-disciplinary analysis of a novel common-property resource governance system. Efforts to overcome the severe degradation of land resources supporting agriculture and human communities continue to be constrained by institutions and social norms. The knowledge needed for a transition to sustainable agricultural landscapes through institutional change is inadequate. A collaboration between specialists in economics, politics, sociology, ....Institutional transitions to sustainable agriculture: An inter-disciplinary analysis of a novel common-property resource governance system. Efforts to overcome the severe degradation of land resources supporting agriculture and human communities continue to be constrained by institutions and social norms. The knowledge needed for a transition to sustainable agricultural landscapes through institutional change is inadequate. A collaboration between specialists in economics, politics, sociology, ecology and soil science at the University of New England and graziers in an upper Murray-Darling subcatchment will analyse the transition to a common-property institution on this subcatchment. It will make a distinctively Australian contribution to international efforts to understand such transitions, and serve as a model for progress towards sustainability elsewhere in Australia.
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Presumed Guilty: An Economics Analysis of the Efficiency of Environmental Bonds for the WA Mining Sector. Environmental bonds have two important economic effects. First they give an incentive for mining firms to manage environmental damage and second they prevent excessive costs falling on the regulator in the case of bankruptcy. The aim of this project is to assess if this policy can be redesigned to increase its economic efficiency.
Bioeconomic Modelling of Marine Reserves. Australian waters contain a huge range of biodiversity, but are under threat from human activities. To face this challenge and resolve the problems of depleted fisheries and habitat destruction, innovative approaches are required to integrate marine biology with fisheries economics. The research meets this immediate need by developing bioeconomic models of marine reserves to determine reserve location and size, and analyse interactions between reserves a ....Bioeconomic Modelling of Marine Reserves. Australian waters contain a huge range of biodiversity, but are under threat from human activities. To face this challenge and resolve the problems of depleted fisheries and habitat destruction, innovative approaches are required to integrate marine biology with fisheries economics. The research meets this immediate need by developing bioeconomic models of marine reserves to determine reserve location and size, and analyse interactions between reserves and harvested areas under environmental uncertainty. The models will be developed using the latest developments in economics, biology and numerical methods and will be used to conserve Australia's marine biodiversity and improve fisheries management.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
Adaptive economic management of Australia's urban water. This project responds to the so-called 'wicked problem' of ensuring an adequate supply of water to urban consumers at the lowest price even during long-term droughts. The project will generate, for the first time in the world, an integrated, dynamic, and adaptive supply and demand model to manage urban water optimally over time.
Economics of Conserving Australian Tropical Wildlife: An Analysis of the Role of Economic Valuation, Property Rights and Commercialisation. Australian tropical native animals are selected to analyse economic valuation (use and non-use valuation) of wildlife species and to assess systematically the role of property rights and commercialisation in conservation. The project will (1) reduce bias of Australian economic studies in favour of temperate species; (2) answer several unresolved questions ra ....Economics of Conserving Australian Tropical Wildlife: An Analysis of the Role of Economic Valuation, Property Rights and Commercialisation. Australian tropical native animals are selected to analyse economic valuation (use and non-use valuation) of wildlife species and to assess systematically the role of property rights and commercialisation in conservation. The project will (1) reduce bias of Australian economic studies in favour of temperate species; (2) answer several unresolved questions raised in the Parlimentary Report on Commercial Utilisation of Australian Wildlife; (3) advance economic theory (e.g. relating to dynamic influences on economic valuation) and provide new insights into property rights making use of empirical and experimental results, and (4) thereby contribute to public policy decision-making.Read moreRead less
Energy efficiency, economic growth and the environment in China. This project will provide Australian government, business and the broader community with comprehensive knowledge about China's growth which is closely linked to the Australian resources boom and hence economic growth in recent years. It will give Australia a leading edge in understanding China within the context of sustainable development and provide an assessment of the impact that China's continued growth may have on the world in ....Energy efficiency, economic growth and the environment in China. This project will provide Australian government, business and the broader community with comprehensive knowledge about China's growth which is closely linked to the Australian resources boom and hence economic growth in recent years. It will give Australia a leading edge in understanding China within the context of sustainable development and provide an assessment of the impact that China's continued growth may have on the world in general and on the Australian economy in particular. The insights on China's energy and environmental sectors gained through this project will be vital for Australian businesses attempting to tap into the Chinese market, and Sino-Australian cooperation on climate change.Read moreRead less
Australian transplants: the political ecology of Acacia exchanges across the Indian Ocean. The case studies and conclusions arising out of this project will help environmental practitioners and policymakers make informed decisions about exotic plant introductions, balancing needs to 'safeguard' Australia on the one hand with interests in 'improving' Australia on the other. The project's innovative focus on the comings and goings of a single plant genus also makes a significant contribution to ....Australian transplants: the political ecology of Acacia exchanges across the Indian Ocean. The case studies and conclusions arising out of this project will help environmental practitioners and policymakers make informed decisions about exotic plant introductions, balancing needs to 'safeguard' Australia on the one hand with interests in 'improving' Australia on the other. The project's innovative focus on the comings and goings of a single plant genus also makes a significant contribution to Australian environmental studies, by generating richer public discussion of the question of native versus introduced plants. Finally, it will produce new knowledge about our iconic wattles (made accessible through a book), increase international collaboration across the Indian Ocean, and train two postgraduate students.Read moreRead less
Transitioning to a water-secure future in the Basin. Increased water scarcity threatens the viability of the Murray-Darling Basin. There has been little analysis conducted of the consequences of water market impediments. The economic dimensions of trade impediments, water management, water market intervention and the net social benefits of water markets are at the core of this project. In particular, this project aims to explore: the impact of impediments and policy in water markets; how further ....Transitioning to a water-secure future in the Basin. Increased water scarcity threatens the viability of the Murray-Darling Basin. There has been little analysis conducted of the consequences of water market impediments. The economic dimensions of trade impediments, water management, water market intervention and the net social benefits of water markets are at the core of this project. In particular, this project aims to explore: the impact of impediments and policy in water markets; how further water market products may increase water market efficiency; and, the nature and sources of transactions costs in markets. Benefits from this project will enhance resilience and adaptation of irrigators to future climate change and water shortages, as well as providing future policy guidance.Read moreRead less