Linking ecosystem services to the profitability of prawn fisheries linked to 2017-188

Funded Activity Summary

Natural capital is the soil, air, water, habitat, land and biodiversity that sustains food and fibre production globally. Valuing these natural assets can improve industry profitability and improve natural resource management practices to increase environmental sustainability. Increased profitability might be achieved by (1) verified environmental sustainability and access to premium markets; (2) reduced risk to financial investors, with flow-on effects including finance discounts; and (3) capacity to engage in emerging markets for environmental services.

This project links the profitability of prawn fisheries to natural assets via the ecosystem services they provide, building on the methods and data developed in FRDC project 2013/006. By describing the causal links between the physical environment and fishing activities, and quantifying the condition of the biophysical environment and impacts of different land uses, management practices can be be optimised resulting in increased profits and environmental sustainability.





Objectives:
1. link the profitability of prawn fisheries in NSW to the ecosystem services provided by natural assets
2. identify and engage stakeholders related to prawn fisheries in NSW
3. increase stakeholders' awareness of and skills in natural capital accounting

Funded Activity Details

Start Date: 31-03-2018

End Date: 30-06-2020

Funding Scheme: Funding Scheme not available

Funding Amount: $145,000.00

Funder: Fisheries Research and Development Corporation

Research Topics

ANZSRC Field of Research (FoR)

There are no FoR codes available for this funding activity

ANZSRC Socio-Economic Objective (SEO)

There are no SEO codes available for this funding activity

Other Keywords

Ecosystem | Fisheries Management | Profitability | Resource Assessment | Risk reduction | Stakeholder | Sustainability

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