Dr. Stuart Whitten, CSIRO

2019-11-07

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Australian Farm Institute 2019 Roundtable Session: Opportunities to build natural capital Facilitator: AFI General Manager, Katie McRobert Guest speaker: Dr. Stuart Whitten, Economist at CSIRO Land & Water Presentation summary: Dr Whitten discussed natural capital market design at the AFI Roundtable, noting that reasons we are interested in markets are: · Placing positive incentives on desired outcomes · Flexibility in individual responses · Encouraging cheapest ef...

Australian Farm Institute 2019 Roundtable

Session: Opportunities to build natural capital

Facilitator: AFI General Manager, Katie McRobert

Guest speaker: Dr. Stuart Whitten, Economist at CSIRO Land & Water

Presentation summary:

Dr Whitten discussed natural capital market design at the AFI Roundtable, noting that reasons we are interested in markets are:

· Placing positive incentives on desired outcomes

· Flexibility in individual responses

· Encouraging cheapest effective change

In combination these can drive innovation and the “gains from trade” that create new and better ways to secure the future for farmers, Dr Whitten said. He said trust is the lubricant that facilitates the information exchange which underpins markets and is critical for farmer participation in natural capital markets.

Click or copy/paste link below for Roundtable slide decks and speech transcripts
farminstitute.org.au/news-and-events/ART_2019/Roundtable-2019-speakers

Download the Spring 2019 Farm Policy Journal edition on “Managing agriculture’s ecosystem services”: http://farminstitute.org.au/publications/journal/farm-policy-journal-spring-2019

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