In our market-driven world, calculating the economic value of the environment can be a useful tool in garnering support for environmental protection.
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Australia cannot get its environmental act together. We don’t even have the information we need to fix environmental problems. But there is a better way.
Australia’s first ‘land account’ is a great example of the nation’s environmental policy culture: we develop or adopt good ideas, but then tinker with, or even discard them.
At an international summit in Egypt this month, nations will hopefully make progress towards recognising the economic value of wildlife and other environmental assets.
Water and energy use are becoming more efficient, which is good news for both the economy and the environment. But Australia has yet to realise the value of national environmental accounting.
Is Australia undervaluing its most valuable natural asset by only charging $6.50 a day to visit the Great Barrier Reef? And would it help if tourists were asked to pay more?
How do you determine the financial benefit of cutting a tree down, versus leaving it standing? Environmental accounting offers some insight.
When we don’t factor in the environment in our economic decision making, we aren’t getting an acurate picture of what’s happening. Australia needs to adopt more environmental economics.
Kontributor teratas
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Associate Professor at the Fenner School, Australian National University
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Honorary Research Fellow, Melbourne Sustainable Society Institute, The University of Melbourne
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Professor, Fenner School of Environment and Society, Australian National University
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Honorary Associate Professor, ANU College of Law, Australian National University
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Senior Research Fellow in Ecology, Griffith University
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Senior Lecturer , University of Tasmania
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Professor of Economics, University of Tasmania
