An important problem in environmental economics arises from te irreversibility of consuming or destroying certain resources. Extractive resources like oil are a clear example. Even for environmental resources the same seems to be true in a number of environmental cases, for example biodiversity,...

Ecosystem services are the functions performed by ecosystems that lead to desirable environmental outcomes, such as air and water purification, drought and flood mitigation, and climate stabilisation. Markets rarely exist for them. This study examines how newly defined property rights have been...

This papers examines the activities and operations of the first publicly listed company in Australia with wildlife conservation as its primary goal. Earth Sanctuaries Ltd (ESL) is the first publicly listed company in Australia with wildlife conservation as its primary goal. Its focus to date is...

On 24 August 1998 the Treasurer referred the implementation of Ecologically Sustainable Development (ESD) by Commonwealth departments and agencies to the Commission for inquiry and report within nine months of receipt of the reference.

This study draws together and builds on previous research by the Commission on the role of the private sector in the conservation of biodiversity. With more than 60 per cent of Australia's land area under private management, conservation cannot be adequately addressed without private sector...

„h Many resource users undertake actions that conserve biodiversity. If, however, there were public demand for more conservation than would be provided voluntarily by the private sector alone, there are two broad principles for determining who should bear the costs ¡X ¡¥impacter pays¡¦ or...