Goulburn Broken Catchment, Victoria: Development offsets and tradeable property rights pilot studies
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.