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Assessing environmental protection investments in New South Wales catchments

Greyling, Tertius; Bennett, Jeffrey

Description

In this study we analyse the benefits and costs of investing in environmental protection in regional New South Wales. We do so by generating cost-benefit analyses for three projects which aim to protect native species: the regent honeyeater in the Hawkesbury-Nepean Catchment; the malleefowl in the Lachlan Catchment; and the booroolong frog in the Namoi Catchment. By generating benefit-cost ratios for these three cases, we demonstrate the use of choice modelling as a means to estimate the often...[Show more]

dc.contributor.authorGreyling, Tertius
dc.contributor.authorBennett, Jeffrey
dc.date.accessioned2015-12-10T23:34:43Z
dc.identifier.issn1448-6563
dc.identifier.urihttp://hdl.handle.net/1885/69541
dc.description.abstractIn this study we analyse the benefits and costs of investing in environmental protection in regional New South Wales. We do so by generating cost-benefit analyses for three projects which aim to protect native species: the regent honeyeater in the Hawkesbury-Nepean Catchment; the malleefowl in the Lachlan Catchment; and the booroolong frog in the Namoi Catchment. By generating benefit-cost ratios for these three cases, we demonstrate the use of choice modelling as a means to estimate the often difficult-to-determine benefits associated with environmental investment. The use of choice modelling estimates strengthens the analysis by including 'non-monetary' values which are often excluded from such analyses. We conclude by indicating how the benefit-cost ratios can be tabulated to offer a comparison of investments, thus demonstrating how this approach gives policy makers a useful quantitative decision support tool when considering investments. Access to such information allows for the funding of only those investments that cause an improvement in the well-being of society and the prioritisation of competing proposals.
dc.publisherEnvironment Institute of Australia and New Zealand
dc.sourceAustralasian Journal of Environmental Management
dc.subjectKeywords: catchment; cost-benefit analysis; decision support system; development project; environmental assessment; environmental protection; investment; Australia; Hawkesbury-Nepean Basin; New South Wales; Anura; Leipoa ocellata; Meliphagidae Choice modelling; Cost-benefit analysis; Environmental protection; Healthy waterways; Native species; Native vegetation
dc.titleAssessing environmental protection investments in New South Wales catchments
dc.typeJournal article
local.description.notesImported from ARIES
local.identifier.citationvolume19
dc.date.issued2012
local.identifier.absfor140205 - Environment and Resource Economics
local.identifier.ariespublicationf5625xPUB2052
local.type.statusPublished Version
local.contributor.affiliationGreyling, Tertius, College of Asia and the Pacific, ANU
local.contributor.affiliationBennett, Jeffrey, College of Asia and the Pacific, ANU
local.description.embargo2037-12-31
local.bibliographicCitation.issue4
local.bibliographicCitation.startpage255
local.bibliographicCitation.lastpage271
local.identifier.doi10.1080/14486563.2012.726463
local.identifier.absseo960501 - Ecosystem Assessment and Management at Regional or Larger Scales
dc.date.updated2016-02-24T08:53:31Z
local.identifier.scopusID2-s2.0-84871267486
local.identifier.thomsonID000312611800005
CollectionsANU Research Publications

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