Primary producers, researchers and environmental groups from all over the country have converged in Brisbane to discuss strategic tools to improve natural resource management.
The national forum, being hosted by the State Government, is aimed at improving the knowledge and understanding of market-based instruments.
"Market-based instruments use economic incentives to encourage land and water managers to change the way they do business – in this case, how they care for the environment and the natural assets they manage," Natural Resources and Water Minister Craig Wallace said.
"For example, some market-based instruments use competitive market forces so the scarcity of the resource becomes an incentive for groups to be more efficient and environmentally aware.
"Market-based instruments may use trading mechanisms, auctions and price signals."
The forum is part of the Market Based Instruments Capacity Building Program, innovatively called "Designer Carrots", a $1.2 million project to assist land and water managers and policy makers to use economic tools to better care for Australia’s natural resources.
Designer Carrots is funded by the Australian, State and Territory Governments through the National Action Plan for Salinity and Water Quality.
* For more information, go to: http://www.marketbasedinstruments .gov.au/
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