What is environmental economic accounting and how can it improve policy making for contested regions?
The current Regional Forestry Agreement for the Victoria's Central Highlands will expire in 2018. There are strong and conflicting attitudes among stakeholders and the community towards the continuation of native forest logging within the region, so how can policy makers make rational evidence based decisions?
The Australian National University has taken a very rational approach and applied a UN framework of environmental economic accounting to evaluate the economic benefits to the region from different activities. The above seven minute video looks at the environmental economic accounting system and the key findings for the Central Highlands.
A four minute video below, focuses on the findings of the analysis and what it means for Melbourne.
More information on the results of the Environmental Economic Accounts analysis is available in this Science for Policy factsheet.