Goulburn Broken Catchment, Victoria: Development offsets and tradeable property rights pilot studies
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Date
2007-06-18
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Abstract
There are two "markets for ecosystem services" pilot studies in the Goulburn Broken Catchment of Victoria, Australia. The first, "Development Offsets", aims to develop a scheme of defined "offsets" to compensate for specific ecosystem impacts of rural development. The second, "Treading Salty Water or Trading Salt & Water", addresses the costs of dryland salinity with a proposed mechanism for tradeable property rights. The objective is to incorporate the broader scale impacts of salinity into individual landholder decision making.
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Keywords
Rural development, Groundwater, Payments for environmental services, Surface water, Salinization, Land use management, Water quality, Development offsets, Dryland salinity, Water salinity, Market-Based Instruments (MBI)