business learning training articles new learning business training opportunities finance learning training deposit money learning making training art loan learning training deposits make learning your training home good income learning outcome training issue medicine learning training drugs market learning money training trends self learning roof training repairing market learning training online secure skin learning training tools wedding learning training jewellery newspaper learning for training magazine geo learning training places business learning training design Car learning and training Jips production learning training business ladies learning cosmetics training sector sport learning and training fat burn vat learning insurance training price fitness learning training program furniture learning at training home which learning insurance training firms new learning devoloping training technology healthy learning training nutrition dress learning training up company learning training income insurance learning and training life dream learning training home create learning new training business individual learning loan training form cooking learning training ingredients which learning firms training is good choosing learning most training efficient business comment learning on training goods technology learning training business secret learning of training business company learning training redirects credits learning in training business guide learning for training business cheap learning insurance training tips selling learning training abroad protein learning training diets improve learning your training home security learning training importance

« June 2015 | Blog home | September 2015 »

August 2015

It will be interesting to see the outcome of a court hearing about the effects of a proposed coal mine on the local koala population that starts today at the Land&Environment Court.

Not surprisingly, environmentalists are pointing to the possible dangers from relocating some 260 koalas from the site of the proposed mine to another habitat. On the other hand, the mining company is pointing that providing offset areas and additional land preservation areas adequately addresses any environmental concerns.

The issue here is the environmental effectiveness of offsetting, which is an incentive based environmental policy instrument. Using the context of the example at hand, offsets effectively allow that destruction of the koala habitat for the purposes of mining be permitted, provided that similar habitat is secured elsewhere. There are examples of successful offsetting schemes, for instance, the Minnesota Wetland Banking scheme where the environmental effects of drying out wetlands can be offset by purchasing credits that are created by establishing wetlands somewhere else.

There have also been examples of successful offsetting programs involving coal mines in NSW: e.g. the salinity offsetting by the Ulan Coal Mine. This program was reviewed in a recent chapter on evaluation of salinity offsets in Australia that appeared in an edited volume.

However, there are also concerns about the effectiveness of offsetting programs, as discussed on this blog some time ago, and in a recent paper in the Journal of Regulatory Economics.

So, a pretty tough job in front of the judge at the Land&Environment Court. Let’s see what lawyers think of offsetting!

0 comments |