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 ....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.Read moreRead less
Developing Ecosystem Services Economies for northern Australia. The project aims to advance economic opportunities for Indigenous communities across Northern Australia by developing culturally appropriate ecosystem services economies. The project will offer new alternatives for collectively addressing chronic Indigenous socio-economic issues and pressing environmental issues. Expected outcomes include a co-developed ecosystem services economies business model with a toolkit, involving Indigenous ....Developing Ecosystem Services Economies for northern Australia. The project aims to advance economic opportunities for Indigenous communities across Northern Australia by developing culturally appropriate ecosystem services economies. The project will offer new alternatives for collectively addressing chronic Indigenous socio-economic issues and pressing environmental issues. Expected outcomes include a co-developed ecosystem services economies business model with a toolkit, involving Indigenous and business stakeholders, for establishing innovative enterprises across northern Australia. Key benefits include new ecosystem services-based enterprises; sustainable land sector development; jobs in remote locations; improved well-being of Indigenous peoples; and better environmental management. Read moreRead less