Transferable Mitigation of Environmental Impacts of Development: Two Cases of Offsets in Australia | Land Portal

Resource information

Date of publication: 
December 2013
Resource Language: 
ISBN / Resource ID: 
AGRIS:US201400158608
Pages: 
303-322

Transferable offsets are a means of mitigating the adverse environmental impacts of resource developments. Based on insights from institutional economics, there are three elements that need to be in place for offsets to be effective: (1) property rights over the mitigating good can be defined and assigned; (2) a difference exists between the marginal cost of supplying the mitigating good and the community's marginal value for it; and (3) the transaction costs of exchanging the mitigating good are less than the trade benefit. We suggest that these elements can be used to evaluate the design and performance of offset schemes and illustrate how this can be done using two Australian environmental offset schemes. Trade-offs between cost and environmental outcomes are apparent in the design and operation of these schemes.

Authors and Publishers

Author(s), editor(s), contributor(s): 

Coggan, Anthea
Buitelaar, Edwin
Bennett, Jeff
Whitten, Stuart M

Publisher(s): 

Routledge, Global publisher of quality academic books, journals & online reference

Routledge is the world's leading academic publisher in the Humanities and Social Sciences. We publish thousands of books and journals each year, serving scholars, instructors, and professional communities worldwide. Routledge is a member of Taylor & Francis Group, an informa business.

Data provider

Geographical focus

Related categories

Share this page