BushTender

1
Future challenges
2
The policy toolkit

• Legislation
• Markets
• Auctions
• Tradeable permits
• Offsets
• Ecolabelling
• Education
• Voluntarism

3
MBI Round 2 Work Program

• Aim for field ready policy toolkit
• Combinations of mechanisms
• auctions, tradeable permits, offsets, legislation
• Landscape orientation
• dryland, irrigation, rangeland
• Large-scale
• large part of CMA/catchments
• Full biophysical capability
• Link with economic design capability

4
What does this offer?

• Lower costs of NRM and environment
• Purchaser becomes an intelligent purchaser
• Avoid being ripped-off
• Competitive supply of environmental services
• Lower transaction costs
• More environment
• Improved accountability
• Commercial contracts
• Incentives and enforceable transactions

5
What does this offer?

• Participation
• Easy engagement with landholders
• Low default rate on contracts
• Popular with landholders
• National Accounts
• Aggregate transactions to CMA/State/National level

6
Stock of biodiversity
Habitat Avon-Richardson
Cornella Hectares
7
Stock of stream flow
Gl Avon-Richardson Cornella
8
Change in groundwater
Hectares 2 m 1.5 m 1 m 0.8 m
9

• Supply price

10
Key ingredients

• Economic design
• Biophysical and ecology capability
• Implementation skills