Tradable Land-Use Rights for Cumulative Environmental Effects Management
AbstractIn this paper we introduce tradable land-use rights (TLRs) as a potential economic instrument for cumulative environmental effects management on public lands. TLRs allow the regulator to implement thresholds for habitat loss while maximizing the benefits of development. By allowing economic criteria to "drive" the configuration of development activities in a region, the risk of biodiversity loss may be reduced for a given cost. Alberta's Boreal Forest Natural Region is used as a case study for examining TLRs. Implementation issues, particularly those related to spatial heterogeneity and ecosystem dynamics, are discussed.
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Bibliographic InfoArticle provided by University of Toronto Press in its journal Canadian Public Policy.
Volume (Year): 28 (2002)
Issue (Month): 4 (December)
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Postal: University of Toronto Press Journals Division 5201 Dufferin Street Toronto, Ontario, Canada M3H 5T8
Web page: http://economics.ca/cpp/
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