Estimating the cost of protecting biodiversity on privately managed properties in the Australian Rangelands
Estimating the cost of protecting biodiversity on privately managed properties in the Australian Rangelands Conference Paper
16th Australian Rangeland Society Biennial Conference
- Author(s): Moss, J., Sinden, J., Stayner, R.
- Published: 2010
- Publisher: Australian Rangeland Society
Abstract: A significant quantity of native vegetation and biodiversity exists on privately managed rangeland properties. However, landholders do not always conserve these resources at a level that society desires, due to a lack of appropriate market signals. Policies involving regulation can impose substantial costs to landholders. Market Based Instruments (MBI) have therefore been introduced to provide market incentives for conservation. In a case study of an MBI scheme, we estimate the costs of protecting biodiversity on privately managed properties in Western NSW. The cost of this on different conservation areas varied widely.