Creating markets for ecosystem services

Greg Murtough, Barbara Aretino and Anna Matysek
Additional contact information
Greg Murtough: Productivity Commission
Barbara Aretino: Productivity Commission
Anna Matysek: Productivity Commission

Urban/Regional from EconWPA

Abstract: Ecosystem services are the functions performed by ecosystems that lead to desirable environmental outcomes, such as air and water purification, drought and flood mitigation, and climate stabilisation. Markets rarely exist for them. This study examines how newly defined property rights have been used to create markets in Australia and the United States. The Commission found that creating these markets - such as tradeable credits for carbon sequestration - can be an effective way for governments to achieve their environmental goals.

Keywords: regulation; -; ecosystems; -; environment; -; biodiversity; -; salinity; -; climate (search for similar items in EconPapers)
JEL-codes: R (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-agr and nep-ene
Date: 2002-08-08
Note: Type of Document - Word 97; prepared on IBM PC; to print on HP; pages: 80; figures: nil
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Persistent link: http://EconPapers.repec.org/RePEc:wpa:wuwpur:0207001

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