Cost-Benefit Analysis of the protection of Malleefowl in the Lachlan Catchment
AbstractA cost-benefit analysis (CBA) of an investment in the protection of malleefowl and associated native vegetation in the Lachlan Catchment’s central-west yielded a benefit-cost ratio of 1.4. The CBA is based on project expenditures over the past four years coupled with benefit estimates from a recent Choice Modelling study in the Lachlan Catchment. The project targets the protection of malleefowl on private land which has not yet been surveyed but where the species is known to be present. The CBA is subject to significant uncertainty due to a lack of available data. Nonetheless, sensitivity analysis indicates that the BCR is consistently larger than unity, if marginal in some cases. This suggests that the project is a worthwhile investment at this early stage. Furthermore, greater gains may be achieved by addressing the numerous threats facing the species and its habitat. The increased cost of such an investment may be more than offset by the gains in benefits due to relatively conservative assumptions associated with the benefit calculations in the BCA.
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Bibliographic InfoPaper provided by Australian National University, Environmental Economics Research Hub in its series Research Reports with number 107849.
Date of creation: Mar 2011
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Cost-benefit analysis; Benefit-cost ratio; Choice modelling; Malleefowl; Lachlan Catchment; Environmental Economics and Policy;
Other versions of this item:
- Tertius Greyling & Jeff Bennett, 2011. "Cost-Benefit Analysis of the Protection of Malleefowl in the Lachlan Catchment," Environmental Economics Research Hub Research Reports 1099, Environmental Economics Research Hub, Crawford School of Public Policy, The Australian National University.
- NEP-ALL-2011-07-02 (All new papers)
- NEP-ENV-2011-07-02 (Environmental Economics)
- NEP-PPM-2011-07-02 (Project, Program & Portfolio Management)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Nick Hanley, 2001. "Cost - benefit analysis and environmental policymaking," Environment and Planning C: Government and Policy, Pion Ltd, London, vol. 19(1), pages 103-118, February.
- Kasia Mazur & Jeff Bennett, 2009.
"A Choice Modelling Survey of Community Attitudes to Improvements in Environmental Quality in NSW Catchments,"
Environmental Economics Research Hub Research Reports
0913, Environmental Economics Research Hub, Crawford School of Public Policy, The Australian National University.
- Mazur, Kasia & Bennett, Jeffrey W., 2009. "A Choice Modelling Survey of Community Attitudes to Improvements in Environmental Quality in NSW Catchments," Research Reports 94813, Australian National University, Environmental Economics Research Hub.
- Campbell,Harry F. & Brown,Richard P. C., 2003. "Benefit-Cost Analysis," Cambridge Books, Cambridge University Press, number 9780521528986.
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