Discovery Projects - Grant ID: DP200102877

Funding Activity

Website
http://dataportal.arc.gov.au/NCGP/Web/Grant/Grant/DP200102877

Funding Status
Active

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Funded Activity Summary

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.

Funded Activity Details

Start Date: 01-12-2020

End Date: 29-11-2024

Funding Scheme: Discovery Projects

Funding Amount: $537,117.00

Funder: Australian Research Council

Research Topics

ANZSRC Field of Research (FoR)

Environment and Resource Economics | Applied Economics |

ANZSRC Socio-Economic Objective (SEO)

Economic Incentives for Environmental Protection | Ecological Economics | Preference, Behaviour and Welfare

Other Keywords

Applied Economics | Ecological Economics | Economic Incentives for Environmental Protection | Environment and Resource Economics | Preference, Behaviour and Welfare

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