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An assessment of the non-market value of reducing the risk of marine pest incursions in Australia's waters

data.gov.au
Australian Bureau of Agricultural and Resource Economics and Sciences (Owned by)
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ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Adc&rfr_id=info%3Asid%2FANDS&rft_id=http://data.gov.au/data/dataset/359622ad-8bfa-4a40-9b90-e7dd5ad72990&rft.title=An assessment of the non-market value of reducing the risk of marine pest incursions in Australia's waters&rft.identifier=assessment-non-market-value-reducing-marine-pest-in-australia&rft.publisher=data.gov.au&rft.description=An assessment of the non-market value of reducing the risk of marine pest incursions in Australia's waters - Report - This report provides an economic assessment of the potential environmental non-market benefits that could be gained from policy responses to improve marine biosecurity and can be used in future cost-benefit analyses of proposed marine biosecurity protection measures.A choice experiment of reducing the chance of marine pest incursions in Australian waters in the presence of outcome-related risk - Conference paper - This AARES Conference paper supports a presentation by an ABARES officer at the recent AARES Conference held in Adelaide on 6-9 February 2018.Authoritative metadata for: An assessment of the non-market value of reducing the risk of marine pest incursions in Australia's waters - Authoritative metadata conforming to ISO 19139Overview \r\n This report provides an economic assessment of the potential environmental non-market benefits that could be gained from policy responses to improve marine biosecurity and can be used in future cost-benefit analyses of proposed marine biosecurity protection measures. \r\n\r\n The attached AARES Conference paper supports a presentation by an ABARES officer at the recent AARES Conference held in Adelaide on 6-9 February 2018. \r\n\r\n Key Issues \r\n\r\n• The study finds that the Australian public places substantial value on the protection of the Australian environment from potential impacts of new marine pests. Individual households sampled in this study were on average willing to pay $16.3 per year to protect one species and $9.3 per 250 km of coastal area and adjacent waters protected assuming there is a 50 per cent chance that the outcome will occur. \r\n• For Australia, it is estimated that households together are willing to pay between $22.0 million and $58.8 million to protect one species and $12.5 million and $33.4 million per 250 km of coastal area and adjacent waters protected assuming there is a 50 per cent chance that the outcome will occur. \r\n• The expected value of the benefits from preventive action increased with probability of success, with this study finding that respondents place higher values on scenarios providing more environmental benefits and higher certainty that the particular outcomes will occur. \r\n• Comparing the benefits estimated in this study with the cost of prevention from other studies suggests that reducing the risk of marine pest incursions would be likely to provide a net benefit to the community, although each case should be assessed on its merits and specific circumstances. \r\n&rft.creator=Australian Bureau of Agricultural and Resource Economics and Sciences&rft.date=2023&rft.coverage=Australia&rft.coverage=151.122622,-25.371968&rft_rights=Creative Commons Attribution 4.0 International http://creativecommons.org/licenses/by/4.0&rft_subject=Biota&rft_subject=Economy&rft_subject=Environment&rft_subject=FISHERIES&rft_subject=Inland waters&rft_subject=NIMS&rft_subject=Non-indigenous marine species&rft_subject=Oceans&rft_subject=choice modelling&rft_subject=cost&rft_subject=environmental benefits&rft_subject=household&rft_subject=invasive&rft_subject=marine pests&rft_subject=non-market&rft_subject=preventative action&rft_subject=prevention&rft_subject=sample&rft_subject=survey&rft.type=dataset&rft.language=English Access the data
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Brief description

Overview
This report provides an economic assessment of the potential environmental non-market benefits that could be gained from policy responses to improve marine biosecurity and can be used in future cost-benefit analyses of proposed marine biosecurity protection measures.

The attached AARES Conference paper supports a presentation by an ABARES officer at the recent AARES Conference held in Adelaide on 6-9 February 2018.

Key Issues

• The study finds that the Australian public places substantial value on the protection of the Australian environment from potential impacts of new marine pests. Individual households sampled in this study were on average willing to pay $16.3 per year to protect one species and $9.3 per 250 km of coastal area and adjacent waters protected assuming there is a 50 per cent chance that the outcome will occur.
• For Australia, it is estimated that households together are willing to pay between $22.0 million and $58.8 million to protect one species and $12.5 million and $33.4 million per 250 km of coastal area and adjacent waters protected assuming there is a 50 per cent chance that the outcome will occur.
• The expected value of the benefits from preventive action increased with probability of success, with this study finding that respondents place higher values on scenarios providing more environmental benefits and higher certainty that the particular outcomes will occur.
• Comparing the benefits estimated in this study with the cost of prevention from other studies suggests that reducing the risk of marine pest incursions would be likely to provide a net benefit to the community, although each case should be assessed on its merits and specific circumstances.

Full description

An assessment of the non-market value of reducing the risk of marine pest incursions in Australia's waters - Report - This report provides an economic assessment of the potential environmental non-market benefits that could be gained from policy responses to improve marine biosecurity and can be used in future cost-benefit analyses of proposed marine biosecurity protection measures.
A choice experiment of reducing the chance of marine pest incursions in Australian waters in the presence of outcome-related risk - Conference paper - This AARES Conference paper supports a presentation by an ABARES officer at the recent AARES Conference held in Adelaide on 6-9 February 2018.
Authoritative metadata for: An assessment of the non-market value of reducing the risk of marine pest incursions in Australia's waters - Authoritative metadata conforming to ISO 19139

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151.12262,-25.37197

151.122622,-25.371968

text: Australia

Subjects
Biota | Economy | Environment | FISHERIES | Inland waters | NIMS | Non-indigenous marine species | Oceans | choice modelling | cost | environmental benefits | household | invasive | marine pests | non-market | preventative action | prevention | sample | survey |

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Identifiers
ACN 633 798 857