Innovation Anthology

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Program ID: Innovation Anthology #440
Program Date: 12/08/2011
Program Category: Conservation, Economy, Environment, Women in Science

Conserving The Environment With Economic Instruments

Increased pressure for both industrial and urban development does not bode well for conserving the environment.

Unless, perhaps, you can attach a market or dollar value to conservation.

Dr. Marian Weber is an economist who leads the Environmental Planning and Economics Program at Alberta Innovates Technology Futures.

DR MARIAN WEBER: So an example would be, if firms are required to meet cumulative effects objectives, as they will probably be under regional plans, then they need some way to understand what the current scarcities are in terms of meeting thresholds and objectives. And then what they’re going to look like in the future. Because if you are managing for landscapes that take 20 to 50 years to be restored, then your decisions now have an impact on the future landscape. And so we’re looking at ways to build signals into models so that individual companies can understand what the whole landscape looks like in the future and what the impact of their current decisions on the future scarcity is so they can manage for all those thresholds now and in the future.

Among the economic instruments Dr. Marian Weber is developing for Alberta is a transfer development credits program.

Thanks today to Alberta Innovates Technology Futures



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