Sustainable management and development of natural resources routinely includes economic valuation of the benefits that individuals gain from nature. But what about the more complex ways that societies as a whole benefit from ecosystem services?
Hub Project Leader Professor Natalie Stoeckl from James Cook University says that we need to have better tools to value the benefits that communities get from intact ecosystems so that we can make better natural resource management decisions.
“We are very good at valuing the benefits that individuals gain from ecosystems, such as commercial fisheries,” Professor Stoeckl explains.
“What we need to improve is how we value the more complex ways that societies benefit from nature.”
“For example, the ceremonies, stories and social norms around traditional Indigenous fisheries provide many socio-cultural benefits that need to be included in any valuation of this resource. ”
This Hub research has been published in Ecological Economics. Read more about the two projects contributing to this research here and here, or contact project leader Prof Natalie Stoeckl for more information.
The Northern Hub, together with CDU’s Research Institute for the Environment and Livelihoods and the NT Government, recently hosted a […]
A 13-year research partnership between Wagiman Traditional Owners and scientists from the Tropical Rivers and Coastal Knowledge (TRaCK) consortium and […]
Hub leader Professor Michael Douglas and project leader Associate Professor Sue Jackson have given presentations in the social and cultural […]
Our Northern Hub Newsletter highlights what's going on in our research projects across northern Australia. It includes latest findings, what's coming up and what this all means for sustainable development and land and water management in the region. See the Hub Newsletter for more information.
The North Australia News Roundup is an informal monthly collation of news relevant to developing northern Australia. It aims to facilitate cross-sector and cross-region knowledge sharing, and more informed conversations and decisions about the future of the region!
Want to know more about Hub activities and the development of northern Australia? Stay informed of activities, research, publications, events and more through the North Australia News Roundup and Hub Newsletter.