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Environmental flow allocation and counter-cyclical trading in the River Murray System AgEcon
English, Ben; Brearley, Taron; Coggan, Anthea.
Australia's climate is characterized by highly variable rainfall. As a consequence, many aspects of riverine ecosystems need both very wet and very dry periods to function effectively. This contrasts with water demands from industrial and agricultural sectors, which place a premium on access to a constant supply of water. This combination of demands suggests there could be considerable value in using water banking and trading mechanisms to reduce the social cost of achieving environmental objectives. In this paper, the concept of counter-cyclical trading is outlined and influences on its potential for reducing the cost of achieving environmental flow objectives evaluated. The potential value of using mechanisms to enable counter-cyclical trading across low...
Tipo: Conference Paper or Presentation Palavras-chave: Environmental flow; Counter-cyclical; Water trading; Water banking; River Murray System; Demand and Price Analysis; Resource /Energy Economics and Policy.
Ano: 2004 URL: http://purl.umn.edu/58407
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Where the rubber hits the road: Biodiversity conservation incentives in theory and practice AgEcon
Coggan, Anthea; Whitten, Stuart M.; Bennett, Jeffrey W..
The lack of appropriate incentives through conventional markets is a major cause of deterioration of biodiversity on private land. In response, governments often intervene through changing the incentives faced by landholders. There are, however, potentially many ways that the incentives to private landholders could encourage improved conservation of native vegetation on private lands. These policies and incentives leverage change in different ways and are suited to differing opportunities and objectives and incur different costs. Our goal in this paper is to provide some guidance to support incentive selection and design decisions. We initially develop a framework for incentive decision, design and implementation. The framework is supported and illustrated...
Tipo: Conference Paper or Presentation Palavras-chave: Biodiversity; Incentives; Private land; Resource /Energy Economics and Policy.
Ano: 2007 URL: http://purl.umn.edu/10397
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Putting theory into practice: market failure and market based instrument design AgEcon
Whitten, Stuart M.; Coggan, Anthea; Reeson, Andrew; Gorddard, Russell J..
The use of market-based instruments (MBIs) to provide and protect ecosystem services has gained significant attention in Australia. Despite their popularity, MBIs are not appropriate for the provision of all ecosystem services. Rather, MBIs must be carefully designed given the ecosystem service outcomes desired, while meeting the needs of participants. In this paper we detail the importance of a robust theoretical structure to underpin the selection and design of an MBI. In particular, we demonstrate the role of identifying and analysing the nature of the market failures present, and their implications for instrument design. Our conclusions are illustrated using several regional MBI case studies.
Tipo: Conference Paper or Presentation Palavras-chave: Market failure; Market based instrument; Incentives; Marketing.
Ano: 2007 URL: http://purl.umn.edu/10441
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Development offsets for ecosystem services in a rural residential development context: issues for the Murrindindi Shire application AgEcon
Coggan, Anthea; Whitten, Stuart M.; Collins, Drew.
Rural residential development could have a positive or negative effect on the supply of ecosystem services. In most cases, the effect tends to be negative. One way of managing the impact is through a market based instrument. In this paper we present a development offset MBI as a way of cost effectively managing the ecosystem service impact of development in the Murrindindi Shire, Victoria. In this paper we note that design of the instrument is critical to the success of any MBI, including development offsets. Key development offset design issues discussed in this paper include defining what is traded (the metric), facilitating trades in a thin marketplace with high transaction costs, and ensuring the offset is commensurate with the impact.
Tipo: Conference Paper or Presentation Palavras-chave: Rural residential development development offset; Market based instrument design Environmental Economics and Policy.
Ano: 2007 URL: http://purl.umn.edu/10363
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Preliminary principles to guide best practice water quality regulation from an economic perspective AgEcon
Coggan, Anthea; Whitten, Stuart M.; Greyling, Tertius.
Regulatory regimes intended to enforce changes to land use or management impose costs on landholders and governments. Landholder costs comprise changes to capital equipment, changes to crop or enterprise management including direct compliance costs, opportunity costs of lost production, and transaction costs from informing themselves about regulatory requirements, potential compliance strategies and administration associated with implementation of these strategies. Governments must design and implement the regulatory framework along with an appropriate compliance structure and other associated costs. In this paper we apply economic theory, in particular relating to institutional economics and transaction costs, and the degree of heterogeneity landholder...
Tipo: Conference Paper or Presentation Palavras-chave: Diffuse source pollutants; Regulations; Economic efficiency; Transaction costs; Water quality; Resource /Energy Economics and Policy.
Ano: 2010 URL: http://purl.umn.edu/58890
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Improving NRM Investment through a policy performance lens AgEcon
Whitten, Stuart M.; Coggan, Anthea; Pert, Petina; Sherman, Bradford.
Choosing a mechanism to encourage landholders to change their land management in order to deliver environmental outcomes is a complicated process. Careful instrument selection may count for little if uptake and adoption are insufficient to meet performance targets. Similarly, investors may require assurance that the proposed investment will deliver the stated goals. In order to reduce the uptake uncertainty facing policy makers we evaluate and describe several possible methods to guide and frame adoption targets. We conclude that referring to past adoption experience of a wide range of mechanisms offers the best approach to setting feasible adoption targets for future mechanisms. We call this adoption points of reference. This approach is tested by...
Tipo: Conference Paper or Presentation Palavras-chave: Adoption targets; NRM investment; Reasonable assurance; Water quality.
Ano: 2009 URL: http://purl.umn.edu/47940
Registros recuperados: 6
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