Creating Markets for Biodiversity: A Case Study of Earth Sanctuaries Ltd

Productivity Commission Staff Research Paper No. 1676

57 Pages Posted: 8 Sep 2001

See all articles by Barbara Aretino

Barbara Aretino

Government of the Commonwealth of Australia - Productivity Commission

Paula Holland

Government of the Commonwealth of Australia - Productivity Commission

Deborah C. Peterson

Australian Productivity Commission

Michael Schuele

Government of the Commonwealth of Australia - Productivity Commission

Date Written: April 5, 2001

Abstract

This papers examines the activities and operations of the first publicly listed company in Australia with wildlife conservation as its primary goal. Earth Sanctuaries Ltd (ESL) is the first publicly listed company in Australia with wildlife conservation as its primary goal. Its focus to date is on conservation of small native mammals that are threatened by exotic predators and loss of habitat. Its strategy has been to acquire land, erect electrified vermin-proof fencing, remove feral animals, regenerate native vegetation and reintroduce selected native species. The paper finds that there does not appear to be a consistent and coordinated approach across jurisdictions for private conservation providers to access, keep, relocate and trade native wildlife, amplifying uncertainty for organisations which operate in several jurisdictions.

Keywords: biodiversity, environment, conservation, wildlife, Earth Sanctuaries, regulation, property rights, competitive neutrality, contestability, ecological outcomes, private sector conservation

JEL Classification: Q, R

Suggested Citation

Aretino, Barbara and Holland, Paula and Peterson, Deborah C. and Schuele, Michael, Creating Markets for Biodiversity: A Case Study of Earth Sanctuaries Ltd (April 5, 2001). Productivity Commission Staff Research Paper No. 1676, Available at SSRN: https://ssrn.com/abstract=282373 or http://dx.doi.org/10.2139/ssrn.282373

Barbara Aretino (Contact Author)

Government of the Commonwealth of Australia - Productivity Commission ( email )

Level 28, 35 Collins St
Melbourne, Victoria
Australia
+64 3 9653 2201 (Phone)
+64 3 9653 2302 (Fax)

Paula Holland

Government of the Commonwealth of Australia - Productivity Commission ( email )

Level 28, 35 Collins St.
Melbourne, Victoria, 3000
Australia
+64 3 9653 2226 (Phone)
+64 3 9653 2305 (Fax)

Deborah C. Peterson

Australian Productivity Commission ( email )

Level 28
35 Collins St.
Melbourne, Victoria, Victoria 3000
Australia
+64 3 9653 2284 (Phone)
+64 3 9653 2305 (Fax)

Michael Schuele

Government of the Commonwealth of Australia - Productivity Commission

Level 28, 35 Collins St.
Melbourne, Victoria, 3000
Australia

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