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Environmental derivatives, risk analysis, and conservation management

Little, Richard; Parslow, J.S.; Fay, Gavin; Smith, Anthony; Punt, Andre E; Tuck, Geoffrey N.; Grafton, Quentin

Description

Two key challenges in conservation management are: (1) how to quantify and manage the risk that natural populations will fall below critical thresholds and (2) how to fund recovery plans should a population do so. Statistically estimated, process-based simulation models of two distinct fish populations are used to forecast the species population levels, and capture the risk of crossing a management defined trigger point. We show how to calculate the environmental derivative price, which is the...[Show more]

CollectionsANU Research Publications
Date published: 2013
Type: Journal article
URI: http://hdl.handle.net/1885/32166
Source: Conservation Letters
DOI: 10.1111/conl.12041

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