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National Market-based Instruments Pilot Program
MBIs are a promising new addition to the existing suite of natural resource management tools.
From April 2003 the Australian and state/territory governments committed up to $10 million over two rounds to the National MBI Pilot Program funded under the National Action Plan for Salinity and Water Quality.
Results from the first round of the program indicate that MBIs, such as competitive tenders, can be a cost effective way of providing incentives to farmers to help address a wide range of environmental problems including water quality, biodiversity decline and salinity. Round two of the program commenced mid 2006 and will finish by June 2008.
See National Market-based Instrument Pilot Program website for further details.
MBI factsheets:
- What are Market Based Instruments?
PDF [101kb] - Auction or land management tender PDF [108kb]
- Cap and trade mechanisms PDF [102kb]
- Conservation agreements PDF [93kb]
- Environmental risk management PDF [98kb]
- Revolving funds PDF [93kb]
- Leveraging private investment PDF [103kb]
- Offsets PDF [98kb]
- Product differentiation PDF [94kb]
- Tax incentives PDF [89KB]
Last Updated: 15 Feb 2008
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