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Environmental management > Impact assessment

Environmental economics

Our quality of life depends not only on a strong economy, but also on a healthy natural environment. We also have realised that the natural environment is a major contributor to the economy through our exploitation of many goods, such as fish and timber, minerals and water.

But our natural environment also provides many functions known as ‘ecosystem services’, which are often invisible for most of us. For example, the capacity of the environment to assimilate waste and pollution or the pollination of crops by native insects provides significant economic benefits. Yet, when it comes to approving project developments or developing policies related to natural resources, the economic value of these ecosystem services is not always taken into account.

Environmental impact assessment guidelines:
Environmental economic valuation: an introductory guide for policy-makers and practitioners
Introduction to environmental economic valuation and its relationship to environmental impact assessment
Techniques for environmental economic valuation

Economics Techniques series:
Fact sheet No 1 - Choice modelling

Market Based Instruments for Improving Water Quality
The following documents describe how market based instruments can be used to improve the water quality of Moreton Bay.

Development of a Water Quality Metric, for Nutrient Offsets for Moreton Bay, Queensland
Scoping Study on a Nutrient Trading Program to improve Water Quality in Morton Bay

Comments and queries should be directed to the Strategy and Policy Division, telephone (07) 3225 1278.

Last updated: 14 January 2008