University of Tasmania
Browse

File(s) not publicly available

Designing Tradable Credit Policy for Diffuse Source Salinity Ex Ante

journal contribution
posted on 2023-05-18, 13:16 authored by Ward, J, Connor, J, Darla Hatton MacDonaldDarla Hatton MacDonald
Market-based instruments are policies that rely on price signals as incentives to encourage private actions with public environmental benefits. They are becoming increasingly popular worldwide as instruments of natural resource management. Experience suggests that success of such policies can critically depend on design detail and that these design challenges are especially significant for diffuse source environmental issues. This article describes a process for the ex ante design of market-based approaches for diffuse source environmental issues that involves: (1) identifying potential impediments to efficient functioning of the market mechanisms, (2) qualitatively evaluating the potential significance of identified impediments given case-study-specific context, and (3) consideration of policy design features to overcome high-priority impediments. An Australian case study is described where the developed methodology was applied to the design of a credit trade policy to reduce the salinity consequences of drainage, a result of prevailing agricultural practice.

History

Publication title

Society and Natural Resources

Volume

21

Issue

10

Pagination

930-943

ISSN

0894-1920

Department/School

College Office - College of Business and Economics

Publisher

Taylor & Francis Inc

Place of publication

United States

Repository Status

  • Restricted

Socio-economic Objectives

Environmental protection frameworks (incl. economic incentives)

Usage metrics

    University Of Tasmania

    Exports

    RefWorks
    BibTeX
    Ref. manager
    Endnote
    DataCite
    NLM
    DC