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|Title:||Economic evaluation of the management of bitou bush ('chrysanthemoides monilifera' subsp. 'rotundata'(DC.) T.Norl.) to conserve native plant communitites in New South Wales||Contributor(s):||Sinden, Jack Alfred (author); Downey, Paul (author); Hester, Susan (author); Cacho, Oscar Jose (author)||Publication Date:||2008||Handle Link:||https://hdl.handle.net/1959.11/3085||Abstract:||The bitou bush ('Chrysanthemoides monilifera' subsp. 'rotundata' (DC.) T.Norl.) Threat Abatement Plan (TAP) aims to reduce the impacts of bitou bush on biodiversity in New South Wales. This is the first weed TAP in Australia and so its effectiveness in conserving threatened biodiversity, as well as its cost of implementation, must be examined to determine if this new approach should be adopted as a template for managing the biodiversity impacts of other major weed species. We therefore consider the question 'is the TAP a good investment in relation to protecting biodiversity'? We combine the costs of implementing the TAP with conservative, published estimates of the benefits of protecting biodiversity, to calculate the benefit-cost ratios of the investment. The ratios indicate that the benefits of the TAP exceed the costs under a wide range of economic conditions. While this result supports the approach, the cost of implementation should be analysed over the five years relative to the biodiversity outcomes in order to determine the ex post benefit of the TAP.||Publication Type:||Journal Article||Source of Publication:||Plant Protection Quarterly, 23(1), p. 34-37||Publisher:||Plant Protection Quarterly||Place of Publication:||Sydney, Australia||ISSN:||0815-2195||Field of Research (FOR):||140205 Environment and Resource Economics||Peer Reviewed:||Yes||HERDC Category Description:||C1 Refereed Article in a Scholarly Journal||Other Links:||http://search.informit.com.au/documentSummary;dn=055408177544918;res=IELHSS||Statistics to Oct 2018:||Visitors: 233
|Appears in Collections:||Journal Article|
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