Theory for global biodiversity conservation. Australia's biological diversity underpins much of our economic wealth - for example the remarkable diversity of coral reefs fuels a multibillion dollar tourism industry. We will devise methods to make better decisions about where to invest conservation dollars amongst the biodiversity "hotspots" of the world and Australia to deliver environmental sustainability. We will solve the problem of how much of any environmental budget should be spent on mo ....Theory for global biodiversity conservation. Australia's biological diversity underpins much of our economic wealth - for example the remarkable diversity of coral reefs fuels a multibillion dollar tourism industry. We will devise methods to make better decisions about where to invest conservation dollars amongst the biodiversity "hotspots" of the world and Australia to deliver environmental sustainability. We will solve the problem of how much of any environmental budget should be spent on monitoring conservation actions to make better and more cost-effective decisions. We will create new theory and freely available tools for building systems of marine reserves that allow for threats like coral bleaching and hurricanes.Read moreRead less
Integrating economics and science for land, water and biodiversity policy. Australian government programs for land and water conservation involve expenditure of billions of dollars, combined with much larger contributions from program participants. However, various problems with these programs have been identified. This research will assist program investors to better target funding, to employ more appropriate policy mechanisms, and to operate in a cost-effective way, achieving the most highly v ....Integrating economics and science for land, water and biodiversity policy. Australian government programs for land and water conservation involve expenditure of billions of dollars, combined with much larger contributions from program participants. However, various problems with these programs have been identified. This research will assist program investors to better target funding, to employ more appropriate policy mechanisms, and to operate in a cost-effective way, achieving the most highly valued environmental outcomes that can be achieved with the available budget. The project will develop improved theories, frameworks and economic models, integrating information from physical, biological and social sciences, and decision tools for use by environmental decision makers.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