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| Author: | Sinden, J.A. |
| Title: | Estimating the opportunity costs of biodiversity protection in the Brigalow Belt, New South Wales |
| Journal: | Journal of Environmental Management
2004 : APR, VOL. 70:4, p. 351-362 |
| Index terms: | Biodiversity Environmental protection Land values Opportunity costs Wales |
| Language: | eng |
| Abstract: | The Native Vegetation Conservation Act was recently introduced by the New South Wales Government to protect the native grassland and woodland of the state. The Act protects biodiversity by preventing farmers from clearing such vegetation on their properties but, as a consequence, reduces farm incomes and land values. This article integrates an economic model of the relationship between land value and percentage of farm in native vegetation with an ecological model of the relationship between species lost and percentage of the farms in native vegetation. The integrated framework is applied to estimate the opportunity costs of the Act for one important agricultural area of the state, the northern part of the Brigalow Belt South Bio-Region. |
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