Climate change is one of the toughest challenges facing the world today. Putting a price on carbonemissions is an important step towards climate change mitigation. A cap and trade system is one ofthe ways to create a carbon price. The New Zealand Emissions Trading Scheme (NZETS) is theworld’s...

Under the New Zealand Emissions Trading Scheme, forests planted on or after 1st January 1990 earn carbon credits. These credits have to be repaid when the forest is harvested. This paper analyses the effects of this scheme on the value of bareland on which radiata pine is to be planted. A real...

Under the New Zealand Emissions Trading Scheme, new forests planted on/after 1st January 1990 can earn carbon credits. These credits have to be repaid upon forest harvest. This paper analyses the effects of this carbon scheme on the valuation of bareland, on which radiata pine is to be planted....

Regional councils throughout New Zealand are in the process of drawing up plans to enable them to meet the requirements of the Resource Management Act and the National Policy Statement on freshwater. Some councils are working on targets for nutrient leaching at the catchment level and are...

This is an updated version posted 12/12/12. In the previous version attribute labels in Table 5 were incorrect for tribs and jobs.

Nitrogen levels in water resources in the Waikato region are increasing, mainly as a result of non-point source pollution from agricultural activities. Non-point pollution management is a complex issue requiring sufficient information and appropriate institutions. This paper considers the...

NPV and LEV are established and common approaches to valuing single rotation and infinite rotation forests respectively, when the rotation age is fixed in advanced. More recently, Real Options approaches have been employed to value single and infinite rotation forests with a flexible harvest...

In environmental valuation studies with stated preference methods researchers often provide descriptions of status quo conditions which may differ from those perceived by respondents. Ignoring this difference in utility baselines may affect the way attributes are attended to in choice tasks and...

Trout angling is one of the most popular water-based recreational activities in the Rotorua Lakes. Despite the high demand for trout angling and other recreational purposes, water quality in some of these lakes has been declining over the past decades and initiatives to try to restore the lakes...