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CRICOS Provider Code: 00586B BEA704 Environmental Finance Assignment 1  Your group assignment must be submitted electronically to MyLo.  All work must have the Tasmanian School of Business and...

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CRICOS Provider Code: 00586B
BEA704 Environmental Finance
Assignment 1
 Your group assignment must be submitted electronically to MyLo.
 All work must have the Tasmanian School of Business and Economics Assignment Cover
Sheet attached. The cover sheet is available from http:
www.utas.edu.au
usiness-and-
economics/student-resources/forms.
 You must submit the assignment by 4.00pm on Wednesday 28 March 2018.
 You MUST complete and submit this assignment to pass the unit.
 Learning modules of Academic Skills for Business Students are available from the TSBE
website below:
http:
www.utas.edu.au
usiness-and-economics/student-resources/other-resources/academic-
skills-for-business-students
 Read instructions carefully before attempting the assignment.
http:
www.utas.edu.au
usiness-and-economics/student-resources/forms
http:
www.utas.edu.au
usiness-and-economics/student-resources/forms
http:
www.utas.edu.au
usiness-and-economics/student-resources/other-resources/academic-skills-for-business-students
http:
www.utas.edu.au
usiness-and-economics/student-resources/other-resources/academic-skills-for-business-students
CRICOS Provider Code: 00586B
Instructions
 Each group consists of 1-3 students.
 Each group completes and submits one assignment as a group work and all group members
will gain the same mark.
 It is each group's responsibility to allocate the share of work.
 This assignment is worth 25% of your final mark.
 The maximum length of the assignment is 1,500 words (excluding references)
 The appropriate reference style for this unit is the Harvard style (see
http:
utas.libguides.com
eferencing).
 Your paper should use at least three print-based (i.e., not web-based) reference materials. You
may use web-materials as well, but they should be substantive and credible. For example, do
not use Wikipedia or online forum as a reference).
 Your assignment must be typed and double-spaced.
 Your assignment needs to be well-structured, i.e., it should have a clear introduction, main
ody and conclusion.
 Use section headings to help structure your arguments and to improve the readability.
http:
utas.libguides.com
eferencing
CRICOS Provider Code: 00586B
QUESTION
The Australian Commonwealth Government has established a network of marine parks that will
protect more than a third of Commonwealth waters (http:
goo.gl/eNwFSV). Marine parks are parts of
the ocean that are managed primary for the conservation of their ecosystems, habitat and the marine
life they support. Marine parks (alternatively known as marine protected areas or marine reserves) are
widely used, both nationally and internationally, as a central management tool for maintaining the
long-term heal and productivity of the oceans.
The government has asked you to prepare a consulting report on the following considerations:
1. Key ecosystem services provided through the network of marine parks;
2. Existing and emerging risks associated with the degradation of the marine ecosystems in
Australia at both the national and international level;
3. How the value of the ecosystem services provided through the marine parks can be fully
captured;
4. Role of markets in the provision of the ecosystem services; and
5. Role of government in the provision of the ecosystem services.
Your tasks in this assignment are:
 Identify and outline 3 ecosystem services provided by the network of marine parks in
Australia. Make sure that you choose a variety of different types of the benefits provided. This
will be a basis for the rest of your assignment.
 Categorise each of the ecosystem services you have identified above. Explain your reasoning.
 Discuss both existing and emerging risks threatening the value of these ecosystem services.
 Is there a tradeoff between the provision of these ecosystem services above and other benefits
derived from the marine ecosystems?
 Explain whether the provision of each ecosystem service you have identified above is subject
to market failure. If it is, specify the source(s) of market failure and discuss why markets fail
to set efficient prices. If it is not, explain why the ecosystem services can be provided by
markets in a socially desirable way.
CRICOS Provider Code: 00586B
Readings
 Grafton, R.Q., Akter, S. and Kompas, T., 2011. A policy-enabling framework for the ex-ante
evaluation of marine protected areas. Ocean & Coastal Management, 54(6), pp XXXXXXXXXX.
 Angulo-Valdés, J.A. and Hatcher, B.G., 2010. A new typology of benefits derived from
marine protected areas. Marine Policy, 34(3), pp XXXXXXXXXX.
 Chapters 4 and 5 in Markets and the Environment by Keohane and Olmstead (Available on
the UTAS li
ary website as an eBook).
 Chapters 2 and 3 in Nature and the Marketplace by Geoffrey Heal (Hard Copy available at
the UTAS li
ary)
 Chapter 2 in Capitalizing on Nature by Edward Ba
ier (eBook available from the UTAS
li
ary website)

[Title of your report]
Prepared by
[Your names]
Tasmanian School of Business and Economics
University of Tasmania
March 2018
1. Introduction
 Discuss the aims of this report and provide the overview and background information;
i.e., what topics are discussed in this report? what makes the topic important? What
are you are going to present in this report? Outline the organization of the report.
2. Ecosystem services
 Identify and outline 3 ecosystem services provided by the network of marine parks in
Australia. Make sure that you choose a variety of different types of the benefits
provided. This will be a basis for the rest of your assignment.
 Categorise each of the ecosystem services you have identified above. Explain your
easoning.
3. Risk and market failure
 Discuss both existing and emerging risks threatening the value of these ecosystem
services.
 Is there a tradeoff between the provision of these ecosystem services above and other
enefits derived from the marine ecosystems?
 Explain whether the provision of each ecosystem service you have identified above is
subject to market failure. If it is, specify the source(s) of market failure and discuss
why markets fail to set efficient prices. If it is not, explain why the ecosystem services
can be provided by markets in a socially desirable way.
4. Conclusion
 Summarise the key story in your report.
 Briefly discuss an implication for how policy should be made given your discussion
above.
References
 Make sure you use the Harvard reference style (see
http:
utas.libguides.com
eferencing)
http:
utas.libguides.com
eferencing
Answered Same Day Mar 22, 2020

Solution

Sarah answered on Mar 27 2020
137 Votes
1
Assignment Title
Student Name
Course Name
Instructor Name
Date
Introduction
Marine parks ecosystem services are integral to Australia as it is an initiative to protect the ocean. Growing environmental issues are depleting all the resources that are available in the earth and increasing the climate related to issues that are affecting the lives of all living beings in every part of the world. The aim of the report is to discuss about the ecosystem services provided by the Australian Marine parks. There are various ecosystem services provided by them but in this paper, three topics are discussed in detail they are food production ecosystem, water treatment and climate regulation (Grafton, Akter and Kompas, 2011). These three ecosystem services are chosen because they are highly relevant and can be improved through better control and management. Food production ecosystem will ensure that the marine parks can pass rules that can control the overfishing activities and take other plants and organisms from the underwater.
Water treatment is another important variable because when the quality of water depletes it will affect the quality of life of those living on land and those living in the water. The climate problem is not about any specific region of people it is a world problem, and everyone in the world is facing problem due to them (Binet et al., 2013). As these topics are crucial for all people and everyone should understand the issues and how the marine ecosystem is taking initiatives in protecting the environment. The report provides a clear outline about the chosen ecosystem services, risks associated with them, future risks, the tradeoff between the provisions and whether these ecosystem services can be provided in a socially desirable manner by the market.
Ecosystem Services
Marine park network in Australia provides various ecosystem services. The three ecosystem services analyzed are food production ecosystem, water treatment and climate regulation. The function of the food production ecosystem is to decide the permissible portion of the gross primary production extractable as food from the ocean and aims at protecting the living organism in the region. From oceans, various food and crops are taken out that exploits the life in the ocean (Lemasson et al., 2017). These marine parks in Australia have the responsibility in controlling overfishing, protecting the habitat degradation and exploitation of resources from the ocean beyond certain limits. The aim is to reduce the misuse of the resources and protect them from the other predators to ensure that they are not depleted and ensured to maintain the better balance in the ocean life.
Another ecosystem service is water treatment indicates the recovery of the nutrients and
eaking down or removal of the xenic or excess of nutrients and other components. Water pollution is high in every country, and they are polluting the entire ocean which can cause more trouble to the entire oceanic lives (Lemasson et al., 2017). The water treatment ecosystem pays attention to various variables like how to recover the nutrients or removal of any excess nutrients or any xenic component from the water. It will result in improving the overall quality of the water and will ensure that the marine water is not highly polluted....
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