Revegetation of Regent Honeyeater habitat in the Capertee Valley: a Cost-Benefit Analysis

Tertius Greyling and Jeffrey Bennett

No 107580, Research Reports from Australian National University, Environmental Economics Research Hub

Abstract: This study considers the costs and benefit of the Regent Honeyeater Project in the Capertee Valley over the past 10 years. The benefits are estimated using choice modelling and the costs are based on project expenditure and forgone agricultural production. A comparison of the benefits and costs yields a benefit-cost ratio (BCR) of 4.45, which implies that the benefits outweigh the costs. However, variation in the underlying assumptions reveal significant sensitivity to the uncertainty associated with the maturation of native tree plantings and the successful establishment of a significant population of birds within the native vegetation. The Cost Benefit Analysis (CBA) is dominated by the benefit derived from protection of the native species (i.e. the Regent Honeyeater) which in turn depends on these two uncertainties. By expanding the total area of land being revegetated and reducing the fragmentation amongst individual plantings these uncertainties can be reduced. This should deliver larger benefits and further improve the BCR.

Keywords: Environmental Economics and Policy; Land Economics/Use (search for similar items in EconPapers)
Pages: 22
Date: 2010-12
New Economics Papers: this item is included in nep-agr and nep-env
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https://ageconsearch.umn.edu/record/107580/files/EERH_RR81.pdf (application/pdf)

Related works:
Working Paper: Revegetation of Regent Honeyeater habitat in the Capertee Valley: a Cost-Benefit Analysis (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:eerhrr:107580

DOI: 10.22004/ag.econ.107580

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