Natural capital and New Zealand’s Resource Management Act (1991)

Brent Clothier, Alec Macay and Estelle Dominati

No 136044, 2012 Conference, August 31, 2012, Nelson, New Zealand from New Zealand Agricultural and Resource Economics Society

Abstract: Quantifying natural resources as natural capital and the valuation of the ecosystem services that flow from natural capital stocks are emerging areas of science. Are these developing concepts compatible with current resource management legislation? Can these ideas be used in judicial proceedings to protect natural capital and maintain the portfolio value of nature‟s ecosystem services? We describe two recent cases in New Zealand where natural capital concepts were used in the Environment Court to protect land from peri-urban creep and to protect receiving water quality through the allocation of a nutrient discharge allowance to land. Results have been mixed, with prospects appearing good.

Keywords: Environmental Economics and Policy; Land Economics/Use (search for similar items in EconPapers)
Pages: 5
Date: 2012-08
New Economics Papers: this item is included in nep-agr, nep-env and nep-res
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Persistent link: https://EconPapers.repec.org/RePEc:ags:nzar12:136044

DOI: 10.22004/ag.econ.136044

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