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000102455 005__ 20250221175221.0
000102455 0247_ $$2doi$$a10.22004/ag.econ.102455
000102455 037__ $$a1784-2016-141905
000102455 041__ $$aeng
000102455 084__ $$aQ20
000102455 084__ $$aQ50
000102455 245__ $$aIntegrated assessment of public investment in land-use change to protect environmental assets in Australia
000102455 260__ $$c2011-01-11
000102455 269__ $$a2011-01-11
000102455 270__ $$mDavid.Pannell@uwa.edu.au$$pPannell,   David J.
000102455 300__ $$a20
000102455 336__ $$aWorking or Discussion Paper
000102455 490__ $$aWorking paper
000102455 490__ $$a1108
000102455 500__ $$aThis is a pre-publication version of:
Pannell, D.J., Roberts, A.M., Park, G., Alexander, J., Curatolo, A. and Marsh, S.
(2012). Integrated assessment of public investment in land-use change to protect
environmental assets in Australia, Land Use Policy 29(2): 377-387.
000102455 520__ $$aA framework for comprehensive integrated assessment of environmental projects is
developed and applied in partnership with a regional environmental body. The framework
combines theory with practice, bringing a pragmatic and efficient approach to the rigorous assessment of projects for a large number of environmental assets in the north central region of the state of Victoria, Australia. Key features of the study include extensive participation of decision makers and stakeholders, integration of a comprehensive set of information about
projects, explicit assessment of uncertainties and information gaps, and analysis of the most appropriate policy mechanism for each project. The process of applying the framework involved four steps: identification of around 300 important environmental assets in the region,
filtering the list of assets to remove those that are less likely to provide opportunities for cost effective
public investment, development and detailed assessment of projects for a subset of
assets, and negotiation of funding for projects. The analysis assisted the environmental body to make strong business cases for a number of environmental projects, resulting in funding for those projects. Implications for land-use policy include that environmental projects vary
widely in their cost-effectiveness, requiring careful targeting of funds if environmental benefits are to be maximised. Many existing environmental programs use simplistic analyses to support decision making, resulting in missed opportunities for substantially greater environmental benefits. Promoting adoption of improved analytical methods is very challenging, requiring changes in mind-set and culture in environmental organisations.
Widespread adoption is unlikely unless funders create incentives by rewarding those project proponents who undertake rigorous and comprehensive project assessments that focus on achievement of environmental outcomes.
000102455 650__ $$aEnvironmental Economics and Policy
000102455 650__ $$aResource/Energy Economics and Policy
000102455 700__ $$aPannell, David J.$$1https://orcid.org/0000-0001-5420-9908
000102455 700__ $$aRoberts, Anna M.
000102455 700__ $$aPark, Geoff
000102455 700__ $$aCuratolo, April
000102455 700__ $$aMarsh, Sally P.
000102455 700__ $$aAlexander, Jennifer
000102455 8564_ $$9492d5e31-f89a-432a-a124-85573b50e02b$$s218093$$uhttps://ageconsearch.umn.edu/record/102455/files/WP1108%20updated.pdf
000102455 887__ $$ahttp://purl.umn.edu/102455
000102455 909CO $$ooai:ageconsearch.umn.edu:102455$$pGLOBAL_SET
000102455 912__ $$nSubmitted by Theresa Goh (theresa.goh@uwa.edu.au) on 2011-04-08T08:34:44Z
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  Previous issue date: 2011-01-11
000102455 913__ $$aLicense granted by Theresa Goh (theresa.goh@uwa.edu.au) on 2011-04-08T08:24:32Z (GMT):

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000102455 980__ $$a1784
000102455 982__ $$gUniversity of Western Australia, School of Agricultural and Resource Economics>Working Papers