State of the Environment

2006

Issue: Utilisation and value of biodiversity - Incentives for biodiversity management

This is an issue under the Biodiversity theme of the Data Reporting System.

Why we need to know about this issue

In many areas of the country some current land management practices are affecting the economic well being of whole communities through decline in farm productivity and a decline in biodiversity and ecosystem services. Governments are in a position to establish incentive schemes that encourage landholders to become partners in conserving biodiversity. Incentives are part of an integrated approach that includes planning, regulation, education, and encouragement of community participation in a partnership between landholders and governments and the community.

Incentives may include: financial incentive mechanisms (rate rebates, grants or annual payments); non-financial motivational incentives (local awards, community recognition, training and technical support, materials); and development incentives (tradable or transferable development rights). Supporting mechanisms can include: property right mechanisms (management agreements and revolving funds); and revenue raising mechanisms (environmental levies and developer contributions).

The application of financial incentives and other related mechanisms are still at an early stage throughout most of Australia.

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