The Australian Petroleum Industry and the Natural Environment
Valuing the environmental costs of vegetation removal and ecosystem disturbance associated with petroleum operations, Cooper Basin, South Australia
978-3-8383-1043-5
3838310438
88
2010-05-31
49.00 €
eng
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This study investigates how the environmental impacts of petroleum exploration and development can be addressed by applying Environmental Valuation. The Contingent Valuation (CV) method has been applied in a small scale study in relation to native vegetation removal and disturbance in the Cooper Basin of South Australia. This was the first recorded application of CV in a context of petroleum developments in Australia. Study results indicate that there is a potential for successful application of valuation techniques such as CV to address negative environmental externalities associated with petroleum developments.
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