Economic values and Indigenous Protected Areas across Northern Australia. Final report

Farr, Marina, Stoeckl, Natalie, Esparon, Michelle, Grainger, Daniel, and Larson, Silva (2016) Economic values and Indigenous Protected Areas across Northern Australia. Final report. External Commissioned Report. James Cook University, Townsville, QLD, Australia.

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Abstract

We undertook a systematic review of the empirical valuation literature relating to benefits associated with Indigenous protected Areas (IPAs), revealing that some benefits are quantified in monetary terms more frequently than others, both in Australia and elsewhere. This does not mean that the quantified benefits are more important than other benefits. Instead it indicates that they are easier to quantify. As a result, there are substantive gaps in our understanding of numerous benefits – of their value to different people, in different contexts, in their entirety, and relative to other benefits (Section 5). Our research indicated that while a lack of price does not mean lack of value, it often means lack of ‘visibility’ or ‘presence’. So, vitally important non-market goods and services associated with IPAs may be overlooked, particularly by decision-makers who are driven by quantitative and/or economic data. It is important to find ways of highlighting the importance of those non-market benefits, so that resources can be directed in a manner that generates most benefit per dollar spent.

Item ID: 48811
Item Type: Report (External Commissioned Report)
ISBN: 978-1-925167-79-5
Keywords: Indigenous Protected Areas (IPAs); biodiversity; economic value; cultural value; northern Australia
Additional Information:

© James Cook University, 2016. Economic values and Indigenous protected areas across Northern Australia is licensed by James Cook University for use under a Creative Commons Attribution 4.0 Australia licence. For licence conditions see: https://creativecommons.org/licenses/by/4.0.

Funders: National Environmental Science Programme (NESP)
Projects and Grants: NESP Project 5.1
Date Deposited: 01 May 2017 21:51
FoR Codes: 14 ECONOMICS > 1402 Applied Economics > 140205 Environment and Resource Economics @ 50%
14 ECONOMICS > 1499 Other Economics > 149902 Ecological Economics @ 50%
SEO Codes: 91 ECONOMIC FRAMEWORK > 9102 Microeconomics > 910209 Preference, Behaviour and Welfare @ 30%
91 ECONOMIC FRAMEWORK > 9199 Other Economic Framework > 919902 Ecological Economics @ 30%
96 ENVIRONMENT > 9606 Environmental and Natural Resource Evaluation > 960601 Economic Incentives for Environmental Protection @ 40%
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