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Title: Ecosystem services: a means to diffuse political land use decisions in peri-urban regions
Contributor(s): Williams, Jacqueline (author)orcid ; Martin, Paul (author)
Publication Date: 2009
DOI: 10.2495/ECO090271
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Abstract: Research undertaken to advance sustainable land-use in peri-urban Australia has identified the need for greater innovation in natural resource management (NRM). This requires moving from an overly regulation-dependent resource management system to an environmental market system. Under current arrangements, continued resource depletion and degradation; institutional barriers to innovative solutions, and high transaction costs in affecting change are all evident. An environmental markets policy approach would shift emphasis to a market economy and facilitate commercial innovation in the use and conservation of resources. This requires first that the environmental goods and services (or commodities) be clearly identified; and second a market structure to enable trade. Martin et al ('Concepts for private sector funded conservation using tax effective instruments' Land and Water Australia, Canberra 2007) have proposed a business model for natural resource markets using a multi-attribute, low transaction cost environmental market structure. However to develop such a model requires a consistent methodology and classification system to identify ecosystem services as viable commodities, for 'marketizing' these multiple values. A conceptual framework for identifying and valuing ecosystem services is presented using Western Sydney as a case study. The paper also argues that a science informed rather than a science led process may be a more realistic ambition for natural resource management in peri-urban Australia.
Publication Type: Conference Publication
Conference Name: Seventh International Conference on Ecosystems and Sustainable Development, Siena, Italy, 8th September, 2009
Source of Publication: Ecosystems and Sustainable Development VII: WIT Transactions on Ecology and the Environment, v.122, p. 279-291
Publisher: WIT Press
Place of Publication: Southhampton, United Kingdom
ISSN: 1743-3541
Field of Research (FOR): 160605 Environmental Politics
050209 Natural Resource Management
180111 Environmental and Natural Resources Law
HERDC Category Description: E2 Non-Refereed Scholarly Conference Publication
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