The state of the application of ecosystems services in Australia

Pittock, Jamie; Cork, Steven J.; Maynard, Simone

doi:10.1016/j.ecoser.2012.07.010

Cited by 67 publications

(40 citation statements)

References 36 publications

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“…Many academics have been involved in research relating to ecosystem accounting (e.g. Aisbett & Kragt, 2010;Binning, Cork, Parry & Shelton, 2001;Crossman et al, 2013;Gillespie, Dumsday & Bennett, 2008;Pittock, Cork & Maynard, 2012;Russell-Smith et al, 2013;Stoeckl et al, 2011;Straton & Zander, 2009;Tovey, 2008;van Dijk et al, 2014). This activity has added significantly to the theory and practice of environmental accounting in Australia.…”

Section: Environmental Accounting In Australiamentioning

confidence: 99%

“…Aisbett & Kragt, 2010;Binning et al, 2001;Crossman et al, 2013;Gillespie et al, 2008;Pittock et al, 2012;RussellSmith et al, 2013;Straton & Zander, 2009;Tovey, 2008). The independent think tank Australia21 prepared a discussion paper on ecosystem services for the Department of Agriculture, Fisheries and Forestry that examined the literature relating to ecosystem services from Australia and around the world .…”

Section: Ecosystem Accountingmentioning

confidence: 99%

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Land Use in Australia: Past, Present and Future

Clancy¹,

Bryan²,

Guru³

2018

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Section: Environmental Accounting In Australiamentioning

confidence: 99%

Section: Ecosystem Accountingmentioning

confidence: 99%

Land Use in Australia: Past, Present and Future

Clancy¹,

Bryan²,

Guru³

2018

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“…Mechanisms for funding investment in ecosystem service assets in Australia have evolved rapidly over the last decade [5], reflecting a growing government and public awareness, as well as an investor appetite for socially and environmentally responsible investment, and a willingness on the part of financial and other institutions to offer investment opportunities to meet the demand. Most of these are directed principally at privately-owned and leasehold forests and woodlands, although they may support complementary activities on adjacent public land.…”

Section: Introductionmentioning

confidence: 99%

Financial Mechanisms to Improve the Supply of Ecosystem Services from Privately-Owned Australian Native Forests

Ferguson

Levetan

Crossman

et al. 2016

Forests

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Abstract:Much of Australia's native forest is privately-owned and is needing investment to maintain and improve the supply of a wide range of ecosystem services. This paper reviews mechanisms presently used in Australia to improve the supply of ecosystem services, with particular emphasis on financial mechanisms. Auction, green bond and biobanking schemes are widely and, so far, successfully used in a number of States, especially in projects where the actions required and ecosystem services can be readily measured. Measurement of biodiversity and biodiversity-based services remains problematic, despite some fairly widespread application of different measurement systems. Inadequate or variable measurement systems could engender a loss of investor interest if equivalence or gains cannot be appropriately verified. A new Biodiversity Investment Scheme is proposed, based on the structure used commercially in Managed Investment Schemes. The choice of mechanism, however, will be mainly determined by landowner attitudes to assignment of property rights, and by scale, the extent of public versus private consumption goods, and the transaction costs and risks.

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“…Perhaps choosing and articulating the specific urban ES values most relevant, or trying to account for value pluralism, has influenced the limited application of an ES approach to sustainable city agendas. It is suggested that Australian city attempts have fallen short by claiming a green or ES approach (Pittock, et al, 2012) (Ely and Pitman, 2014;Roy, et al, 2012;Wang, et al, 2014) and more innovative and greener forms of urban consolidation (Byrne, et al, 2010).…”

Section: Valuing Urban Esmentioning

confidence: 99%

“…Australian ES applications have focused on regional biodiversity and waterway health values (Pittock, et al, 2012) and only occasionally included urban areas (Maynard, et al, 2011).…”

Section: Translating Ecosystem Service Values To Policy and Managemenmentioning

confidence: 99%

Making the case for planning and investment in green infrastructure: a case study of street trees and property value impacts in Brisbane, Australia

Plant¹

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Trees in cities grow closest to where people live, work and travel, and offer a wide range of ecosystem services (ES). Emerging urban forest research has focused on helping communities and urban tree managers build awareness of the connections between urban forest structure, ES and the quality of human life in rapidly growing cities. Yet translation of the proliferation of urban ES scholarship to urban forest policy, planning and investment has been inconsistent. This study focuses on the robustness and relevance of measures and values of urban ES being presented to decision makers. Opportunities were identified to improve contemporary techniques for gathering and applying evidence to strengthen the case for strategic planning and investment in street trees. For example, a new approach to pre-stratification in sample survey design to account for unevenness in the density and distribution of street trees across 115 residential suburbs, in the case study city of Brisbane, Australia, was used to confirm that their goal of increasing residential footpath tree shade cover from 35 per cent in 2010 to 50 per cent by 2031 was achievable. A strong case for continuing to invest was also justified by analysing additional data about 2,299 houses that sold between 2008 and 2010, gathered from within the same 80 sample sites as the street tree sample survey.Hedonic price modelling revealed that home-buyers were willing to pay a premium for houses with 35 per cent street tree cover nearby. These premiums translated to annual property value benefits that exceeded annual costs of street tree planting and maintenance in Brisbane in 2009-10 by a ratio of between 2.06 and 2.20:1. Returns of almost AU$1 million per year to the local government and an additional AU$1-1.2 million per year to the state government in property tax revenues were also identified. This approach advances the broader use of ES valuation as both a business case development and policy revision tool.

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The state of the application of ecosystems services in Australia

Cited by 67 publications

References 36 publications

Land Use in Australia: Past, Present and Future

Land Use in Australia: Past, Present and Future

Financial Mechanisms to Improve the Supply of Ecosystem Services from Privately-Owned Australian Native Forests

Making the case for planning and investment in green infrastructure: a case study of street trees and property value impacts in Brisbane, Australia

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