Environmental-economic accounting for the Mitchell River Go Back

This research is developing an EEA approach that is appropriate for northern Australia. The team is working in Queensland’s Mitchell River catchment to develop a set of EEAs that reflect interconnected assets and the regional socio-cultural context. As well as being useful for informing decisions in the Mitchell River catchment, these accounts are helping inform Australia’s evolving approach to EEA as one of several pilot accounts being considered through the national EEA Strategy and Action Plan. As part of this broader work, researchers are considering the extent to which a common national approach to EEA can represent the full suite of ecosystem-related values relevant to regional populations.

This project is:

• working with land managers in the Mitchell River catchment to link interconnected environmental assets to ecosystem services and benefits
• developing a set of environmental-economic accounts for the Mitchell River catchment
• identifying headline indicators of ecosystem asset condition, ecosystem service flows, service flow value and asset value suitable for tracking management outcomes through time and informing decision-making in the region
• helping progress Australia’s EEA Strategy and Action Plan
• aligning with the scope of accounting under both the United Nations System of Environmental Economic Accounting – Central Framework (SEEA-CF) and the System of Environmental-Economic Accounting – Experimental Ecosystem Accounting (SEEA-EEA).

Project activities

• Conduct field work with stakeholder groups in the Mitchell catchment to link ecosystem assets to services and benefits, and facilitate community workshops and user consultations to determine existing land and water management in the catchment
• Apply existing SEEA-CF and SEEA-EEA frameworks to identify – subject to data availability – appropriate indicators for measuring ecosystem assets and ecosystem services, and exchange values for these services in the Mitchell River catchment
• Develop physical ecosystem accounts and monetary ecosystem accounts for the Mitchell River catchment (e.g. SEEA-compliant accounts for the extent and condition of ecosystem assets, ecosystem service flows, and the accounting value of those assets and service flows)
• Consider the degree to which SEEA-compliant ecosystem accounts can fully represent the values delivered by ecosystem assets and services in the Mitchell River catchment – which values are well represented in the accounts, and which are not?
• Suggest how EEAs could be improved to better represent values that are currently not well-represented
• Examine the potential for community-driven EEA processes to inform investments in land management.

Anticipated outputs

• A review of existing environmental accounting frameworks and research in northern Australia
• A set of environmental-economic accounts for the Mitchell River catchment and user guide
• A report to support the national EEA strategy identifying processes, improvements and limitations
• Recommendations for integrating EEA indicators into on-ground magement
• Scientific papers, factsheets and datasets.