A 'new Kyoto', called for by the Australian government, may well be based on cap-and-trade, but with significant changes. Under the old Kyoto, broad participation and meaningful commitments were difficult to achieve - in part because of uncertainty about compliance costs and the dichotomy...

The paper reviews the importance of tuna fisheries in the western and central Pacific Island Countries (PICs) and examines whether current and proposed economically focussed institutional mechanisms, that underpin tuna management, are sufficient to promote appropriate and long term tuna-led...

Uncertainty is an obstacle for commitments under cap and trade schemes. We assess how well intensity targets, where countries' permit allocations are indexed to future realised GDP, can cope with uncertainties in international greenhouse emissions trading. We present some empirical foundations...

Uncertainty can hamper the stringency of commitments under cap and trade schemes. We assess how well intensity targets, where countries' permit allocations are indexed to future realised GDP, can cope with uncertainties in a post-Kyoto international greenhouse emissions trading scheme. We...

What is the magnitude of uncertainties about future greenhouse gas emissions, GDP and emissions intensity of economies? Is there a link between fluctuations in economic activity and fluctuations in emissions? These questions are crucial to understand the extent and composition of cost...

It is 20 years since Munro and Scott identified the causes and possible remedies for the dissipation of rents in fisheries. We analyse one of the solutions proposed by Munro and Scott by using insights from the British Columbia multi-species groundfish trawl fishery that has used ITQs since...

In June 2004 the Council of Australian Governments approved the Intergovernmental Agreement on Addressing Water Overallocation and Achieving Environmental Objectives in the Murray-Darling Basin (‘IGMDB’). The IGMDB set out arrangements for a ‘Living Murray’ that includes a budget of $500...

Policymakers have implemented five distinct buybacks of either vessels or salmon licenses over the past three decades in the British Columbia (BC) salmon fishery. The earliest buyback was one of the first of its kind in any fishery and the most recent buyback is one of the largest ever in terms...

The paper develops a benchmarking framework to improve fisheries governance and promote resilient ecosystems and profitable fisheries. The benchmarking includes five key components: accountability; transparency; incentives; risk assessment and management; and adaptability. Collectively, these...

The failures of traditional target-species management have led many to propose an ecosystem approach to fisheries to promote sustainability. The ecosystem approach is necessary, especially to account for fishery-ecosystem interactions, but by itself is not sufficient to address two important...