Discovery Early Career Researcher Award - Grant ID: DE160101306
Funder
Australian Research Council
Funding Amount
$373,848.00
Summary
Valuing the non-market benefits of mine site rehabilitation. This project aims to improve decisions about mine site rehabilitation. Mining causes environmental damage, which mine operators are legally required to rehabilitate. Although companies invest considerably in mine site restoration and biodiversity offsets, we don’t know whether their practices match public preferences for rehabilitation outcomes. Filling this knowledge gap is challenging because the benefits of rehabilitation (eg biodiv ....Valuing the non-market benefits of mine site rehabilitation. This project aims to improve decisions about mine site rehabilitation. Mining causes environmental damage, which mine operators are legally required to rehabilitate. Although companies invest considerably in mine site restoration and biodiversity offsets, we don’t know whether their practices match public preferences for rehabilitation outcomes. Filling this knowledge gap is challenging because the benefits of rehabilitation (eg biodiversity) are not traded in markets. This project aims to address these challenges by estimating, in monetary terms, the values provided by mine site restoration. By identifying these values, the project expects to contribute to improving the design of mine rehabilitation standards, and will enable future policy decisions to be more closely aligned with society’s preferences.Read moreRead less
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
Designing better soil quality indexes to improve land and environmental management. This project will develop sound methods for capturing diverse soil quality attributes in summary soil quality indexes to facilitate wiser land and environmental management. The project will generate benefits through: 1) improvements in the sustainability of our agricultural industries by providing better tools for matching soils with crops and for more efficient chemical input use on farms, 3) improvements in env ....Designing better soil quality indexes to improve land and environmental management. This project will develop sound methods for capturing diverse soil quality attributes in summary soil quality indexes to facilitate wiser land and environmental management. The project will generate benefits through: 1) improvements in the sustainability of our agricultural industries by providing better tools for matching soils with crops and for more efficient chemical input use on farms, 3) improvements in environmental water quality through reductions in nonpoint source pollution from agriculture, 3) tools for monitoring the recovery of degraded agricultural or mining soil resources, and 4) better conservation contract design.Read moreRead less
Sustainable reform of the Murray-Darling system: Property rights, uncertainty and institutions. The project will develop tools for the modelling of uncertainty in the absence of probabilities and with imperfect knowledge about possible events. It will also formalise and assess the precautionary principle for the sustainable management of complex systems. Finally, the project will apply these tools to analyse and improve policies for the reform of property rights, institutions and land and water ....Sustainable reform of the Murray-Darling system: Property rights, uncertainty and institutions. The project will develop tools for the modelling of uncertainty in the absence of probabilities and with imperfect knowledge about possible events. It will also formalise and assess the precautionary principle for the sustainable management of complex systems. Finally, the project will apply these tools to analyse and improve policies for the reform of property rights, institutions and land and water management in the Murray?Darling system. The project will assist in the formulation of sustainable responses to problems of drought and irrigation related salinity in the Murray?Darling system.Read moreRead less
Analysis of Possible Rules for Interstate Water Trading by the Australian Capital Territory. Rules will be studied and modelled for allowing ACT water trading with other states, within an agreed abstraction cap. The aim is to find administrative, constraining and price-setting rules that maximise the economic gain of trading to Australia, bearing in mind environmental constraints, infrastructure costs, transaction costs, and equity. Innovative challenges for the rules will be allowing ACT to se ....Analysis of Possible Rules for Interstate Water Trading by the Australian Capital Territory. Rules will be studied and modelled for allowing ACT water trading with other states, within an agreed abstraction cap. The aim is to find administrative, constraining and price-setting rules that maximise the economic gain of trading to Australia, bearing in mind environmental constraints, infrastructure costs, transaction costs, and equity. Innovative challenges for the rules will be allowing ACT to sell water now but buy it back later, thus providing for long term population growth; and handling the differences between ACT's spare storage capacity and urban uses, and the downstream irrigation uses with which trade is most likely.Read moreRead less
Innovation in agricultural sector Green House Gas abatement in NSW. This project aims to develop a land sector greenhouse gas abatement, food production and environmental economics model for NSW. We expect to identify innovation in carbon payment policy and brokerage business models to achieve agricultural GHG abatement, while simultaneously improving sustainability. Expected outcomes include evaluation of the innovations of expert landholders, related businesses and governments to find ways to ....Innovation in agricultural sector Green House Gas abatement in NSW. This project aims to develop a land sector greenhouse gas abatement, food production and environmental economics model for NSW. We expect to identify innovation in carbon payment policy and brokerage business models to achieve agricultural GHG abatement, while simultaneously improving sustainability. Expected outcomes include evaluation of the innovations of expert landholders, related businesses and governments to find ways to influence land use decisions. This should provide significant benefits to landholders, governments involved in land management and the public through increased productivity, profitability, biodiversity and ecosystem health in the context of future climate, agricultural commodity and carbon market uncertainties.Read moreRead less
Do scientist and public preferences diverge? Analysing expert and public preferences for environmental and social outcomes for the Swan River. Expert judgements and public preferences may be quite different, so when can organisations rely on experts, how serious is the divergence, and when does it matter? In a case study of Perth's iconic Swan River, the project will explore this issue and its consequences for decision makers, to assist the Swan River Trust in their future decision making.
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
Economic Analysis of an Environmental Challenge: Salinity, Uncertainty and Property. The applicability of standard property-rights solutions to complex environmental issues such as salinity is examined. Water and carbon trading, as well as issues relating to agricultural land management are addressed. In particular, the use of price instruments as a potentially more attractive mechanism than standard quantity instruments for achieving desirable outcomes is examined. The project will exploit and ....Economic Analysis of an Environmental Challenge: Salinity, Uncertainty and Property. The applicability of standard property-rights solutions to complex environmental issues such as salinity is examined. Water and carbon trading, as well as issues relating to agricultural land management are addressed. In particular, the use of price instruments as a potentially more attractive mechanism than standard quantity instruments for achieving desirable outcomes is examined. The project will exploit and extend recent theoretical developments in modelling under conditions of uncertainty, and the use of price and quantity instruments in regulatory contexts.Read moreRead less
Solving the water crisis in Australian cities and towns with options contracts between urban and rural water users. We will equip water resource managers with a powerful and effective tool for the allocation of water resources between rural and urban sectors. The importance of this bridge cannot be understated. To date urban centres have endured stringent water restrictions to manage dwindling urban suppliers, while ignoring the potential benefits of purchasing water from the irrigated agricul ....Solving the water crisis in Australian cities and towns with options contracts between urban and rural water users. We will equip water resource managers with a powerful and effective tool for the allocation of water resources between rural and urban sectors. The importance of this bridge cannot be understated. To date urban centres have endured stringent water restrictions to manage dwindling urban suppliers, while ignoring the potential benefits of purchasing water from the irrigated agriculture sector. Furthermore, rural communities have suffered hardship due to restricted agricultural production during times of drought. This research proposal represents an exciting solution to both problems and offers the tantalising prospect of water shortages in our capital cities and towns becoming distant memories.Read moreRead less