Table of Contents

Market Instruments and the Protection of Natural Resources

Market Instruments and the Protection of Natural Resources

Critical Issues in Environmental Taxation series

Edited by Natalie P. Stoianoff, Larry Kreiser, Bill Butcher, Janet E. Milne and Hope Ashiabor

Only through a concerted global effort can we protect our natural resources, save our precious natural environment, and indeed our future. But pressures on natural resources come from many directions such as overuse, mismanagement and contamination. This much-needed book reviews and evaluates the use of market and fiscal instruments in protecting our natural resources, from rural to marine environments. Market instruments that are designed to protect the global atmosphere are evaluated, along with carbon instruments and environmental tax incentives. Meanwhile, consideration is given to shifting the tax burden to achieve environmentally responsible outcomes, balancing sustainable use and natural resource protection, and protecting water resources.

Chapter 1: The use of market-based instruments in protecting South Australia’s marine protected areas

Karen Bubna-Litic

Subjects: environment, environmental economics, environmental law, environmental politics and policy, law - academic, energy law, environmental law, tax law and fiscal policy, politics and public policy, environmental politics and policy

Extract

In October 2014, a system of sanctuary zones came into operation in the Australian state of South Australia. The coming into force of these sanctuary zones was the last step in a process designed to protect South Australia’s unique marine diversity which began some 15 years previously. These sanctuary zones are ‘no fishing’ zones and are part of the marine protected areas of the state. They number 83 and cover approximately 6% of South Australia’s marine area. Marine protected areas cover approximately 44% of the state’s marine area. The non-sanctuary zoned marine protected areas, which cover 38% of the state’s marine areas, allow a variety of fishing (both commercial and recreational) and other recreational activities.