Offsets the Queensland Way Development of the Queensland Government Environmental Offsets Policy

Sally Driml, Beth Clouston and Amy Bortman

No 48378, 2009 Conference (53rd), February 11-13, 2009, Cairns, Australia from Australian Agricultural and Resource Economics Society

Abstract: The Queensland Government Environmental Offsets Policy provides an overarching framework for environmental offsets in Queensland. The policy provides a consistent and transparent approach to the use of offsets. It contains principles and guidelines for developing and applying more detailed ‘specific-issue’ policies for offsetting important environmental values such as vegetation or fish habitats. Currently, offsets use in Queensland can be characterised as a compliance mechanism as they are required to meet development conditions. Developers will face higher costs if they need an offset and this provides a greater incentive to avoid and minimise impacts on areas with significant environmental values. The paper canvasses opportunities to now move to develop efficient offset markets in Queensland.

Pages: 8
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aare09:48378

DOI: 10.22004/ag.econ.48378

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