The Border Ranges Rainforest Biodiversity Management Plan (the Plan) is designed to protect the biodiversity of the region; “[it] covers the Australian Government’s Border Ranges North and South (Queensland and New South Wales) Biodiversity Hotspot”. (2010) This essay will detail the findings of a policy risk assessment on a proposed management option put forward for the protection of the Border Ranges biodiversity that is “76%…. private land”. (2010) However first of all a brief typology of the categories of risk will be presented along with a brief discussion of selected instruments.
Martin and Williams (2010, p.7-11) describe three categories of risk namely political, instrument and spillover. The findings of
…show more content…
Although this is not always effective as transacting efficiency impacts the high cost on failure from issues such as the number and complexity of the institutions. (Martin et al., 2010, p. 9) Which is certainly the case with the Plan, where adding the Australian Tax Office into the equation would certainly exasperate matters, given the number of organizations already involved. A revolving fund commits a pool of funds to purchase properties in order to protect them for environmental or cultural reasons; properties are then sold on to government. (Whitten et al., 2004) This requires a fund to be set up and then government or other resources put aside for properties. Any area of environmental concern has risks but within those risks there are unique risks that are presented in the risk assessment.
Policy Risk Assessment Results
For the risk assessment the “Policy Risk Assessment” (the manual) (Martin et al., 2010) will be used to evaluate the risks of a revolving fund as a tool to conserve the biodiversity of the Border Ranges. The worksheets taken from the manual are included in the appendix. The following decisions, from concept to success, are listed along with their actions and actors.
Starting with the concept was the decision to canvass the idea. For the actions, there is a need to fund research such as surveys or feasibility studies. The actors include all of those involved in the process directly or indirectly including charity