Ecosystem service market-based approaches to solving environmental challenges represent an attempt to relieve the tensions between economic development, environmental protection and Indigenous culture in relation to the productive use of an ecosystem. Design needs to carefully consider the objectives and the necessary trade-offs in terms of environmental effectiveness, social equity and economic efficiency. Such approaches have, however, had varying success due to factors such as contextual complexity. Healthy governance systems are increasingly recognised as being fundamental to embed sound market-based approaches. This study contends that paying more attention to the analysis of the health of the governance system driving environmental markets today can aid in overcoming some of the challenges faced in achieving desired outcomes for tomorrow.This study empirically analyses the health of the environmental market governance systems around two synchronous case studies In Far North Queensland to reduce Greenhouse Gas Emissions and improve water quality entering the Great Barrier Reef lagoon using the Governance Systems Analysis framework. The study uses a conceptual synthesis of ‘actually occurring neoliberalism’ to generate a theory of the political ecology emerging in northern Australia. In the water quality offset arena, the characteristics necessary to enhance the health of the governance system to drive transformative land management practice change through efficiency and effectiveness are explored. In relation to carbon, examination of the savannah burning arena analyses the extent to which the system is constraining social equity outcomes. Theoretical and policy recommendations consider co-benefits, incentives and strategic application."
|Effective start/end date||25/07/16 → …|