Impacts of changing water ownership and reforms on Australian water markets. Water markets play a critical role in helping Australia’s food bowl survive periods of severe drought. This project aims to evaluate how the Murray-Darling Basin water markets performed, in terms of the impact of water ownership, and investigate how water reforms have affected rural communities over the past two decades. Expected outcomes include a clearer understanding on how different water ownership structures impact ....Impacts of changing water ownership and reforms on Australian water markets. Water markets play a critical role in helping Australia’s food bowl survive periods of severe drought. This project aims to evaluate how the Murray-Darling Basin water markets performed, in terms of the impact of water ownership, and investigate how water reforms have affected rural communities over the past two decades. Expected outcomes include a clearer understanding on how different water ownership structures impact price and price volatility of water, market power, economic welfare of water traders, and what social and economic impacts water reforms in the past decades have in the Basin. The findings will provide critical evidence for evaluating future water reforms, building resilient rural communities and safeguarding food security.Read moreRead less
Designing for uncertainty in conservation auctions. Economic theory and case study evidence show that tenders or auctions are more efficient than grant mechanisms for encouraging landholders to produce environmental outcomes on private land. These studies have ignored the effects of uncertainty of both bidders and administrators about factors such as landholder participation and the level of environmental benefits that will be delivered. This project will test whether distributing environmental ....Designing for uncertainty in conservation auctions. Economic theory and case study evidence show that tenders or auctions are more efficient than grant mechanisms for encouraging landholders to produce environmental outcomes on private land. These studies have ignored the effects of uncertainty of both bidders and administrators about factors such as landholder participation and the level of environmental benefits that will be delivered. This project will test whether distributing environmental funds via tenders is still efficient when uncertainty about various important factors is considered. Results from this research are expected to inform the cost effective design of systems to pay landholders for the provision of environmental benefits even when there is high uncertainty.Read moreRead less
Redesigning Landcare policy to better coordinate across landholders. This project aims to study how landscape-sensitive economic incentives and social norms can be leveraged to enhance the short- and long-term effectiveness of conservation programs. It will yield new knowledge for innovative designs in conservation contracting that is urgently needed to address worsening environmental threats in Australia and worldwide. In collaboration with Nobel laureate Vernon Smith’s team, new methods and pr ....Redesigning Landcare policy to better coordinate across landholders. This project aims to study how landscape-sensitive economic incentives and social norms can be leveraged to enhance the short- and long-term effectiveness of conservation programs. It will yield new knowledge for innovative designs in conservation contracting that is urgently needed to address worsening environmental threats in Australia and worldwide. In collaboration with Nobel laureate Vernon Smith’s team, new methods and protocols will improve our ability to generate better data and better understand how social and incentive mechanisms can constructively interact to facilitate collaborative environmental action. Results will help make the achievement of environmental targets and the use of public funds more cost-effective. Read moreRead less
Risk assessment of climate change mitigation measures. This project will consider market based mechanisms for environmental protection policies and will have both a theoretical and a practical dimension. The main benefactors of the project will be environmental regulators and policy makers working in this area.
Emissions trading and the design and operation of Australia's energy markets. Past research has applied the methods of experimental economics to focus on capacity markets, futures markets, and demand side response management options for electricity markets in the United States of America. This project will examine research priorities for Australia's energy markets. These include market impacts on investment decision-making, trade in Renewable Energy Certificates, and the consequences of carbon e ....Emissions trading and the design and operation of Australia's energy markets. Past research has applied the methods of experimental economics to focus on capacity markets, futures markets, and demand side response management options for electricity markets in the United States of America. This project will examine research priorities for Australia's energy markets. These include market impacts on investment decision-making, trade in Renewable Energy Certificates, and the consequences of carbon emissions trading for energy market outcomes. Australia's electricity markets are primarily financial markets and new policy developments present both risks and opportunities. By designing and testing markets, experiments will be used to test market performance and for unforeseen consequences of new market policies.Read moreRead less
Intelligent real time multi-site controller for conserving energy in remote areas and in the resource industry. This project researches the issues in achieving demand response for electricity usage in remote regions of Australia through the use of smart meters and web of things framework to provide ubiquitous monitoring and control of devices, intelligent control systems to dynamically change energy usage patterns and community-based social network architecture. This will lead to several benefit ....Intelligent real time multi-site controller for conserving energy in remote areas and in the resource industry. This project researches the issues in achieving demand response for electricity usage in remote regions of Australia through the use of smart meters and web of things framework to provide ubiquitous monitoring and control of devices, intelligent control systems to dynamically change energy usage patterns and community-based social network architecture. This will lead to several benefits, such as (a) the strengthening of Australian business competitiveness in these regions by reducing energy costs and increasing energy trading, (b) reduction in ecological impact through smarter utilisation of energy and shifting to renewable sources, (c) encourage local generation and distribution of electricity where communities can trade excess energy.Read moreRead less
The economic value of smart integration of electric vehicles into the Australian electricity industry. The project will facilitate the potentially rapid and widespread deployment of Electric Vehicles (EV) in Australia with considerable social, economic and environmental benefits. The economics of our current road transportation sector are adversely impacted by rising and volatile oil prices. The near total reliance of the sector on an inherently limited and increasingly imported resource also ha ....The economic value of smart integration of electric vehicles into the Australian electricity industry. The project will facilitate the potentially rapid and widespread deployment of Electric Vehicles (EV) in Australia with considerable social, economic and environmental benefits. The economics of our current road transportation sector are adversely impacted by rising and volatile oil prices. The near total reliance of the sector on an inherently limited and increasingly imported resource also has energy security implications. Road transport is also responsible for a significant proportion of Australian greenhouse emissions. EVs represent an extraordinary opportunity to address these challenges. However, widespread uptake will hinge on our ability to effectively integrate EV charging into the Australian electricity industry.Read moreRead less