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Joint Media Release
Australian Minister for the Environment and Heritage
Senator the Hon. Ian Campbell
and
Minister for Agriculture, Fisheries and Forestry
THE HON PETER McGAURAN, MP

20 December 2006

$5 million for market based instruments to boost soil, water and vegetation management


The Australian, State and Territory governments have approved nine new pilot projects to test whether market based instruments can improve management of soil, water and vegetation.

Co-chairs of the Natural Resource Management Ministerial Council, the Ministers for Agriculture, Fisheries and Forestry, Peter McGauran and for the Environment, Senator Ian Campbell, said today up to $5 million would be allocated under round two of the  National Market Based Instruments Pilot Programme – an initiative under the  National Action Plan for Salinity and Water Quality.

Market Based Instruments, such as auctions and tenders, can increase cost effectiveness of delivering incentives to landholders and create new markets for natural resource management and environmental outcomes.

“The Ministerial Council has approved funding of $3.2 million for the nine new pilot projects. The remaining funds will be used for skills development, capacity building, communications and institutional arrangements to help increase use of market based instruments across Australia,” Mr McGauran said.

Senator Campbell said round two will build on the success of the 11 pilot programmes funded under round one, and will assist with moving market based instruments from trial to implementation.

“The funding will help catchment management authorities and regional bodies implement the National Action Plan for Salinity and Water Quality and the Natural Heritage Trust, and successor programmes,” he said.

Projects funded under round two include:

More information is available at — www.napswq.gov.au/mbi/index.html

Media contacts:
Minister McGauran – Ben Houston – (02) 6877 7520
Minister Campbell – Rob Broadfield – (02) 6277 7640

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