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Leveraging Landscape Change: Instrument design for supporting the evolution of new natural resource industry niches

Author

Listed:
  • Hatfield-Dodds, Steve
  • Binning, Carl
  • Dyack, Brenda

Abstract

This paper outlines how resource degradation in Australia could be reversed with innovative investment approaches that compensate for the main impediments to beneficial landscape change. We argue that the existing suite of policy responses is incomplete and there are benefits to be had by introducing some new approaches for encouraging innovative and creative, appropriate landscape change. We discuss two examples that address the need for instruments that encourage the evolution of new natural resource industry niches: 1. the proposal advanced by the Allen Consulting Group in its recommendations to the Business Leaders Roundtable in 2001 on options for leveraging private investment entitled Repairing the Country 2. a pilot project that is being undertaken by Greening Australia and the CSIRO with funding provided under the Market Based Instruments Program of the National Action Plan on Salinty and Water Quality. The paper concludes with a comparison of existing instruments and their usefulness.

Suggested Citation

  • Hatfield-Dodds, Steve & Binning, Carl & Dyack, Brenda, 2004. "Leveraging Landscape Change: Instrument design for supporting the evolution of new natural resource industry niches," 2004 Conference (48th), February 11-13, 2004, Melbourne, Australia 58704, Australian Agricultural and Resource Economics Society.
    • Handle: RePEc:ags:aare04:58704
    DOI: 10.22004/ag.econ.58704
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    References listed on IDEAS

    as
    1. Peter Bardsley & Vivek Chaudhri & Gary Stoneham & Loris Strappazzon, 2002. "New Directions in Environmental Policy," Agenda - A Journal of Policy Analysis and Reform, Australian National University, College of Business and Economics, School of Economics, vol. 9(3), pages 211-221.
    2. Gary Stoneham & Vivek Chaudhri & Arthur Ha & Loris Strappazzon, 2003. "Auctions for conservation contracts: an empirical examination of Victoria's BushTender trial," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 47(4), pages 477-500, December.
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