IDEAS home Printed from https://ideas.repec.org/p/ags/uwauwp/102455.html
   My bibliography  Save this paper

Integrated assessment of public investment in land-use change to protect environmental assets in Australia

Author

Listed:
  • Pannell, David J.
  • Roberts, Anna M.
  • Park, Geoff
  • Curatolo, April
  • Marsh, Sally P.
  • Alexander, Jennifer

Abstract

A framework for comprehensive integrated assessment of environmental projects is developed and applied in partnership with a regional environmental body. The framework combines theory with practice, bringing a pragmatic and efficient approach to the rigorous assessment of projects for a large number of environmental assets in the north central region of the state of Victoria, Australia. Key features of the study include extensive participation of decision makers and stakeholders, integration of a comprehensive set of information about projects, explicit assessment of uncertainties and information gaps, and analysis of the most appropriate policy mechanism for each project. The process of applying the framework involved four steps: identification of around 300 important environmental assets in the region, filtering the list of assets to remove those that are less likely to provide opportunities for cost effective public investment, development and detailed assessment of projects for a subset of assets, and negotiation of funding for projects. The analysis assisted the environmental body to make strong business cases for a number of environmental projects, resulting in funding for those projects. Implications for land-use policy include that environmental projects vary widely in their cost-effectiveness, requiring careful targeting of funds if environmental benefits are to be maximised. Many existing environmental programs use simplistic analyses to support decision making, resulting in missed opportunities for substantially greater environmental benefits. Promoting adoption of improved analytical methods is very challenging, requiring changes in mind-set and culture in environmental organisations. Widespread adoption is unlikely unless funders create incentives by rewarding those project proponents who undertake rigorous and comprehensive project assessments that focus on achievement of environmental outcomes.

Suggested Citation

  • Pannell, David J. & Roberts, Anna M. & Park, Geoff & Curatolo, April & Marsh, Sally P. & Alexander, Jennifer, 2011. "Integrated assessment of public investment in land-use change to protect environmental assets in Australia," Working Papers 102455, University of Western Australia, School of Agricultural and Resource Economics.
  • Handle: RePEc:ags:uwauwp:102455
    as

    Download full text from publisher

    File URL: http://ageconsearch.umn.edu/record/102455/files/WP1108%20updated.pdf
    Download Restriction: no

    Citations

    Blog mentions

    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. 216 – Diminishing marginal benefits of economics
      by David Pannell in Pannell Discussions on 2012-05-21 00:22:48
    2. 219 – Valuing environmental intangibles, part 2: The pro’s
      by David Pannell in Pannell Discussions on 2012-07-01 18:17:52
    3. 221 – Valuing environmental intangibles, part 4: The upshot
      by David Pannell in Pannell Discussions on 2012-07-22 20:43:46
    4. 213 – The environmental planning fallacy
      by David Pannell in Pannell Discussions on 2012-04-30 02:33:38
    5. 235 – Ranking environmental projects 1
      by David Pannell in Pannell Discussions on 2013-04-30 21:03:56
    6. 239 – Ranking environmental projects 5: Estimating and measuring values
      by David Pannell in Pannell Discussions on 2013-05-27 20:00:51
    7. 257 – Be smart, use SMART goals
      by David Pannell in Pannell Discussions on 2013-11-18 21:00:50
    8. 263 – The EQ Index
      by David Pannell in Pannell Discussions on 2014-04-07 20:00:16
    9. 281 – Ranking Environmental Projects Revisited
      by David Pannell in Pannell Discussions on 2015-05-13 02:53:43
    10. 283 – Whose environmental values matter?
      by David Pannell in Pannell Discussions on 2015-09-21 20:00:53

    Citations

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


    Cited by:

    1. Roberts, Anna M. & Pannell, David J. & Doole, Graeme & Vigiak, Olga, 2012. "Agricultural land management strategies to reduce phosphorus loads in the Gippsland Lakes, Australia," Agricultural Systems, Elsevier, vol. 106(1), pages 11-22.

    More about this item

    Keywords

    Environmental Economics and Policy; Resource /Energy Economics and Policy;

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    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:uwauwp:102455. See general information about how to correct material in RePEc.

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

    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.

    We have no references for this item. You can help adding them by using 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.

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

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.