CSIRO

New Horizons in Market-Based Instruments

11 November 2005 - Canberra

Symposium website hosted by

Ecosystem services project

AARES ACT, in collaboration with CSIRO, Centre for Energy and Environmental Markets at UNSW, and ARC Economic Design Network presented this one-day Symposium.

News

Symposium Presentations now available

Links to PDF files for the presentations are now available by clicking on the presentation title in the Program

Overview

Market Based Instruments (MBIs) are no longer novel tools in natural resource management. They have been applied to a range of issues and regions, especially following the first round of the National Market Based Instruments Pilots Program. Application experience to date stresses the importance of robust and careful instrument design and implementation. The outcomes focus of MBI instruments also emphasises the complex nature of many Australian natural resource management issues. The focus on design and renewed focus on complex issues suggest a number of 'new horizons' for MBI development including combinatorial auctions, linked markets and crowding out and integration with other policy options. The goal in this symposium is to demonstrate a selection of these recent advances in MBI design and application.

Who should attend

• Federal and State Goverment policy makers involved in policy development or review
• Researchers with an interest in finding out more about where the field is headed
• Non-government advisers including consultants and think-tanks
• Regional NRM advisers with some MBI experience who want to find out where the area is headed.

Who did attend

85 speakers and participants from across Australia as well as US and NZ attended the day representing Government and State Departments, Research Organisations, Universities, Catchment Management Authorities, Consultants

Venue

Discovery Centre, off Clunies Ross St, Black Mountain, Canberra

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Program

Registration and coffee from 8:30 am

Symposium Opening

09:10

Introduction and welcome

Prof Jeff Bennett (ANU)

Session 1: Setting the scene: MBI Progress to date
CHAIR - Lili Pechey, ABARE

09:20

National Market Based Instruments Pilots Program (1.65MB)

R. Quentin Grafton (ANU)

10:00

Markets for Ecosystem Services in Australia (870KB)

Stuart Whitten (CSIRO)

10:40

Panel Session on MBI Progress to date

Stuart Whitten, Quentin Grafton, Rod Carr

11:00

Morning tea

Session 2: New MBI techniques and applications
CHAIR - Anthea Coggan, CSIRO

11:30

Combinatorial Auctions - what, where, and how? (75KB)

Dave Porter (George Mason University)

12:15

Linked markets - practical issues in market design (200KB)
and
Additional discussion paper (180KB)

Karel Nolles (UNSW)

13:00

Lunch

 

Session 3: Recent advances in MBI application and technique
CHAIR - Salim Mazouz Director Environmental Economics Unit, DEH

14:00

Recent advances in nutrient trading in Australia and internationally (160KB)

Drew Collins (BDA Group)

14:40

Some lessons for market design from experimental economics - Reeson (17KB)
and
Some lessons for market design from experimental economics - Ward (470KB)

Andrew Reeson / John Ward (CSIRO)

15:20

What are the new regional horizons? (5.25MB)

Bernie Dunn (Wimmera CMA)

16:00

Wrap up and close

Prof Jeff Bennett (ANU)

16:15

Afternoon tea

 

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Further Information

Mandy Yialeloglou
CSIRO Sustainable Ecosystems
Ph: 02 6242 1737
Mandy.Yialeloglou@csiro.au

or

Famiza Yunus
Ph: 02 6242 1683
Famiza.Yunus@csiro.au

Sponsors

National MBI Pilot Program

Land and water Australia

Joint Venture Agroforestry Program