Market instruments and collective obligations for on-farm biodiversity conservation

Lockie, Stewart, and Tennent, Rebeka (2010) Market instruments and collective obligations for on-farm biodiversity conservation. In: Lockie, Stewart, and Carpenter, David, (eds.) Agriculture, Biodiversity and Markets: livelihoods and agroecology in comparative perspective. Earthscan Publications, London, UK, pp. 287-301.

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Abstract

[Extract] From a policy perspective, it has been suggested that traditional approaches to natural resource conservation - whether based on regulation, public participation or the establishment of reserves - are inflexible, costly and economically inefficient (Elliot, 1994; Whitten et al, 2003). Market-based instruments (MBIs) have been put forward as alternatives that offer governments and resource users the opportunity not only to add to their selection of policy tools, but to address what is considered by proponents the root cause of environmental degradation, market failure. By allowing market mechanisms to determine conservation outcomes it is argued that there may be achieved at significant lower cost than traditional approaches while simultaneously promoting productivity an innovation. MBIs are designed to help resource users absorb the costs of environmental protection at the same time as providing more cost effective and targeted delivery of government funding. In light of trends towards 'shrinking government funding and reductions in many of the services traditionally provided by governments' (Morgans, 1996, p100) - not to mention the sheer temporal and spatial magnitude of many environmental problems - any potential for cost-effective intervention must be considered attractive. MBIs are thus seen by many governments and government agencies as the 'policy frontier' (e.g. Cutbush, 2006) and they have been applied to issues as diverse as greenhouse gas abatement, salinity mitigation, catchment protection, water allocation, native vegetation management and, importantly, biodiversity.

Item ID: 30881
Item Type: Book Chapter (Research - B1)
ISBN: 978-1-84407-776-2
Date Deposited: 08 Aug 2014 06:00
FoR Codes: 16 STUDIES IN HUMAN SOCIETY > 1608 Sociology > 160802 Environmental Sociology @ 100%
SEO Codes: 96 ENVIRONMENT > 9605 Ecosystem Assessment and Management > 960504 Ecosystem Assessment and Management of Farmland, Arable Cropland and Permanent Cropland Environments @ 50%
96 ENVIRONMENT > 9606 Environmental and Natural Resource Evaluation > 960601 Economic Incentives for Environmental Protection @ 30%
96 ENVIRONMENT > 9607 Environmental Policy, Legislation and Standards > 960799 Environmental Policy, Legislation and Standards not elsewhere classified @ 20%
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