IDEAS home Printed from https://ideas.repec.org/p/ags/aare06/139901.html
   My bibliography  Save this paper

Applying MBIs for sustainable natural resource and environmental management in South Australia: Challenges and opportunities

Author

Listed:
  • Shi, Tian

Abstract

In the past decade, market based instruments (MBIs) have become more frequently applied for natural resource and environmental management purposes. MBIs comprise a range of instruments used to provide economic incentives/disincentives (e.g. by altering market prices, setting a cap or altering quantities of a particular good, improving the way a market works, or creating a market where no market currently exists) to economic agents to change their behaviour in an environmentally desirable manner. It is important to note that MBIs often rely on a regulatory framework and carefully designed policy instruments to operate effectively. MBIs must be tailored to local needs and conditions. Institutional capacity building and community participation are regarded as key components in this process. This paper outlines the challenges and opportunities for developing and implementing effective market-based mechanisms in South Australia. Particular interest are put on the institutional capacity building for MBIs adoption and implementation, and a decision framework for selecting appropriate instruments is also proposed.

Suggested Citation

  • Shi, Tian, 2006. "Applying MBIs for sustainable natural resource and environmental management in South Australia: Challenges and opportunities," 2006 Conference (50th), February 8-10, 2006, Sydney, Australia 139901, Australian Agricultural and Resource Economics Society.
    • Handle: RePEc:ags:aare06:139901
    DOI: 10.22004/ag.econ.139901
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/139901/files/2006_shi1.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.139901?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Stavins, Robert, 2003. "Market-Based Environmental Policies: What Can We Learn from U.S. Experience and Related Research?," Working Paper Series rwp03-031, Harvard University, John F. Kennedy School of Government.
    2. Brinkerhoff, Derick W. & Goldsmith, Arthur A., 1992. "Promoting the sustainability of development institutions: A framework for strategy," World Development, Elsevier, vol. 20(3), pages 369-383, March.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Shi, Tian, 2009. "Developing an auditing tool to measure community capacity of using market based instruments," 2009 Conference (53rd), February 11-13, 2009, Cairns, Australia 47649, Australian Agricultural and Resource Economics Society.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Luciana Aparecida Barbieri da Rosa & Clandia Maffini Gomes & Waleska Campos & Carolina Rodrigues & Tais Pentiado Godoy & Jordana Marques Kneipp, 2022. "Influencing Factors of The Innovation Power in the Adoption of Sustainability Strategies," Sustainability, MDPI, vol. 14(19), pages 1-15, October.
    2. Louis-Gaëtan Giraudet & Dominique Finon, 2011. "White certificate schemes : the static and dynamic efficiency of an adaptive policy instrument," CIRED Working Papers hal-00866422, HAL.
    3. Bode, Sven, 2006. "Multi-period emissions trading in the electricity sector--winners and losers," Energy Policy, Elsevier, vol. 34(6), pages 680-691, April.
    4. Gary Libecap, 2007. "Regulation and Deregulation: Property Rights Allocation Issues in De Regulation of Common Pool Resources," ICER Working Papers 28-2007, ICER - International Centre for Economic Research.
    5. Cañón-de-Francia, Joaquín & Garcés-Ayerbe, Concepción & Ramírez-Alesón, Marisa, 2008. "Analysis of the effectiveness of the first European Pollutant Emission Register (EPER)," Ecological Economics, Elsevier, vol. 67(1), pages 83-92, August.
    6. Le Thanh Tiep & Ngo Quang Huan & Tran Thi Thuy Hong, 2020. "The Impact of Renewable Energy on Sustainable Economic Growth in Vietnam," International Journal of Energy Economics and Policy, Econjournals, vol. 10(6), pages 359-369.
    7. Aldy, Joseph E. & Ley, Eduardo & Parry, Ian, 2008. "A Tax–Based Approach to Slowing Global Climate Change," National Tax Journal, National Tax Association;National Tax Journal, vol. 61(3), pages 493-517, September.
    8. Sarker, Ashutosh & Ross, Helen & Shrestha, Krishna K., 2008. "A common-pool resource approach for water quality management: An Australian case study," Ecological Economics, Elsevier, vol. 68(1-2), pages 461-471, December.
    9. Jessika Richter & Luis Mundaca, 2015. "Achieving and maintaining institutional feasibility in emissions trading: the case of New Zealand," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 20(8), pages 1487-1509, December.
    10. Bin Wu & Wanying Huang & Pengfei Liu, 2017. "Carbon Reduction Strategies Based on an NW Small-World Network with a Progressive Carbon Tax," Sustainability, MDPI, vol. 9(10), pages 1-22, September.
    11. Andrea Kollmann & Friedrich Schneider, 2010. "Why Does Environmental Policy in Representative Democracies Tend to Be Inadequate? A Preliminary Public Choice Analysis," Sustainability, MDPI, vol. 2(12), pages 1-25, November.
    12. Louis-Gaëtan Giraudet & Dominique Finon, 2011. "White certificate schemes : the static and dynamic efficiency of an adaptive policy instrument," Working Papers hal-00866422, HAL.
    13. Libecap, Gary D., 2007. "The Assignment of Property Rights on the Western Frontier: Lessons for Contemporary Environmental and Resource Policy," The Journal of Economic History, Cambridge University Press, vol. 67(2), pages 257-291, June.
    14. Hall, Andrew & Bockett, Geoffrey & Taylor, Sarah & Sivamohan, M. V. K . & Clark, Norman, 2001. "Why Research Partnerships Really Matter: Innovation Theory, Institutional Arrangements and Implications for Developing New Technology for the Poor," World Development, Elsevier, vol. 29(5), pages 783-797, May.
    15. Vélez-Ramírez, Alberto & Rivera-Castañeda, Patricia & Muñoz-Pizza, Dalia M., 2022. "Institutional capacity determinants in a global south city: the case of a wastewater utility in Zacatecas, Mexico," Utilities Policy, Elsevier, vol. 79(C).
    16. Magingxa, Litha Light & Kamara, Abdul B., 2003. "Institutional Perspectives Of Enhancing Smallholder Market Access In South Africa," 2003 Annual Conference, October 2-3, 2003, Pretoria, South Africa 19077, Agricultural Economics Association of South Africa (AEASA).
    17. Koushik Ghosh & Peter Gray, 2010. "Rushing to Copenhagen?," Challenge, Taylor & Francis Journals, vol. 53(1), pages 5-27.
    18. Ward, John & Bryan, Brett & Gale, Glenn & Hobbs, Trevor, 2006. "Market-Based Instrument approaches to implementing priority revegetation in the South Australian Murray-Darling Basin," 2006 Conference (50th), February 8-10, 2006, Sydney, Australia 139924, Australian Agricultural and Resource Economics Society.
    19. John Ward, E. & Dimitriou, Harry T. & Wright, Phil & Dean, Marco, 2016. "Application of policy-led multi-criteria analysis to the project appraisal of the Northern Line Extension, London," Research in Transportation Economics, Elsevier, vol. 58(C), pages 46-80.
    20. Connor, Jeffery D. & Ward, John & Clifton, Craig & Proctor, Wendy & Hatton MacDonald, Darla, 2008. "Designing, testing and implementing a trial dryland salinity credit trade scheme," Ecological Economics, Elsevier, vol. 67(4), pages 574-588, November.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:aare06:139901. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/aaresea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.