Searching for cost synergies between market and non-market objectives in Northern Australia: can we improve the efficiency of biodiversity Investment?
Conference Contribution ResearchOnline@JCUAbstract
Those seeking to maximise biodiversity 'outcomes' with scarce investment dollars, need to know if it is cheaper to protect biodiversity on some types of land than others. But to date, most economic investigations of the costs of achieving biodiversity outcomes have been conducted at a property scale; comparative information is lacking. So too is information about the compatibility of biodiversity, social, and economic objectives. This paper outlines a method for identifying 'cost synergies' between market and non-market objectives on different property types (e.g. on grazing properties, in national parks, and in Indigenous protected areas). The approach is frequently used in multi-output industries such as health and agriculture, and has – on occasion – been used to identify 'synergies' between agricultural and biodiversity objectives. But to the best of our knowledge, the approach has never been used to simultaneously assess synergies between ecological, economic, and social objectives. Second, the paper describes how researchers will collect data to populate, and econometrically estimate the model, thus identifying 'synergies'. On completion, researchers will not only know more about the costs of achieving biodiversity objectives: they will also have learnt more about which types of objectives (commercial, biodiversity and social) 'go well together', and which do not.
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Oceania Section of the Society for Conservation Biology conference,
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5
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Darwin, NT, Australia
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Society for Conservation Biology
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