Revegetation of Regent Honeyeater habitat in the Capertee Valley: a Cost-Benefit Analysis
AbstractThis study considers the costs and benefit of the Regent Honeyeater Project in the Capertee Valley over the past 10 years. The benefits are estimated using choice modelling and the costs are based on project expenditure and forgone agricultural production. A comparison of the benefits and costs yields a benefit-cost ratio (BCR) of 4.45, which implies that the benefits outweigh the costs. However, variation in the underlying assumptions reveal significant sensitivity to the uncertainty associated with the maturation of native tree plantings and the successful establishment of a significant population of birds within the native vegetation. The Cost Benefit Analysis (CBA) is dominated by the benefit derived from protection of the native species (i.e. the Regent Honeyeater) which in turn depends on these two uncertainties. By expanding the total area of land being revegetated and reducing the fragmentation amongst individual plantings these uncertainties can be reduced. This should deliver larger benefits and further improve the BCR.
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Bibliographic InfoPaper provided by Environmental Economics Research Hub, Crawford School of Public Policy, The Australian National University in its series Environmental Economics Research Hub Research Reports with number 1081.
Date of creation: Dec 2010
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Other versions of this item:
- Greyling, Tertius & Bennett, Jeffrey W., 2010. "Revegetation of Regent Honeyeater habitat in the Capertee Valley: a Cost-Benefit Analysis," Research Reports 107580, Australian National University, Environmental Economics Research Hub.
- NEP-ALL-2011-10-15 (All new papers)
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- Mazur, Kasia & Bennett, Jeffrey W., 2009.
"A Choice Modelling Survey of Community Attitudes to Improvements in Environmental Quality in NSW Catchments,"
94813, Australian National University, Environmental Economics Research Hub.
- 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.
- Campbell,Harry F. & Brown,Richard P. C., 2003. "Benefit-Cost Analysis," Cambridge Books, Cambridge University Press, number 9780521528986, October.
- 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.
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