Mission

To develop economic tools to assess the adaptive capacity and potential impacts of climate change risks and their roles in the overall vulnerability of marine resource harvesting so that appropriate management strategies can be developed to ensure economically resilient and sustainable fishing practices.

The Markets Theme role within the ARN-MBR (Marine Adaptation Network) is twofold:

1)  To facilitate the development of economic tools and methods to (i) predict and estimate the likelihood and effect of adaptation as part of climate change impact assessment, and (ii) to evaluate planned adaptation options as part of the policy development process in the marine sector so that appropriate management strategies can be developed to ensure economically resilient and sustainable fishing practices for traditional, commercial and recreational sectors.

2)  To facilitate development of market-based instruments that can be used to address climate-induced conservation and resources impacts as part of planned strategies in the marine sector.

Members of the Market Theme will work closely with other themes within the ARN-MBR and with other Networks in order to facilitate the development of integrated, interdisciplinary economic assessment tools and cost-effective market-based adaptation options for the marine sector.

Meet the Markets Team

Markets Toolkit

Markets Toolkit Information Sheet

This web-based toolkit provides decision-makers and researchers and interested members of the public with an overview of the ways in which economic (market-based) instruments and policy can be used in the marine environment to incentivise private sector adaptation to climate change.  The toolkit outlines a number of potential adaptation options in marine environment under the following four broad categories: (1) fisheries management, (2) conservation management, (3) institutional arrangement, and (4) adaptation research 

Outline of the toolkit:

1. Fisheries management:  This section provides examples of economic instruments that have been used extensively in fisheries management. These instruments have a potential to contribute to building the resilience of both marine resource users and the fish stocks to climate change.

2. Conservation management:  This section discribes examples of economic instruments being used in a broader natural resource/environmental management for conservation context (“conservation management”), and we outline their application to the marine environment.

3. Institutional arrangement:  This section provides examples of instruments that have proven to be useful for strengthening institutional resilience to climate change adaptation.

4. Adaptation research: This section provides examples of climate change adaptation research, and address the need for social and economic studies. 

View the Markets Toolkit

The Marine Adaptation Network’s web-based Markets Toolkit has been complemented with a published Markets Toolkit Information Sheet which outlines the economic instruments in adaptation strategies for the marine environment under four broad categories: fisheries management, conservation management, institutional arrangements, and adaptation research. Please .(JavaScript must be enabled to view this email address) if you would like copies of this Information Sheet for distribution.

Theme Leaders
Dr Sarah Jennings (University of Tasmania) is a natural resource economist with particular expertise in applied welfare analysis, including cost-benefit analysis and non-market valuation.  Her involvement in marine economics includes the evaluation of climate change impacts and adaptation strategies, and exploration of the behavioural responses of recreational fishers to climate-induced changes in the quality of recreational fishing opportunities and policies.  Sarah leads the FRDC’s Fisheries Economics Capability Building Project.

Dr Ingrid van Putten is a post-doctoral fellow with the ecosystems modelling team at the CSIRO Centre for Marine and Atmospheric research. She is a social scientist and has been working with biophysical scientists to gain a better understanding of coupled social-ecological systems. The main focus of her research is to formulate, implement and apply quantitative models of human behaviour in the context of the ecosystems models for the marine environment and climate change. Because complexity in the bio-physical sphere is mirrored in social and economic systems, she focuses on the tools that effectively model social and economic data and aims to find the optimum level of complexity for human behaviour models.

Partner Organisers
Dr Kathleen Broderick (Natural Resource Management - South) has research interests in communities, social and ecological systems, adaptive management, learning in environmental management, environmental restoration and recovery of resources.






Prof Quentin Grafton is Professor of Economics at the Crawford School of Economics and Government at the Australian National University (ANU), Honorary Professor of Economics at the University of Otago and Editor of the Australian Journal of Agricultural and Resource Economics. His interests in marine research are in terms of marine reserves, incentive-based approaches to sustainable fisheries, trans-national fisheries management, and the economic overexploitation of capture fisheries




Prof Tom Kompas is Deputy Director of the Crawford School of Economics and Government and Director of the Australian Centre for Biosecurity and Environmental Economics at the Australian National University (ANU). He is also a part-time Senior Research Economist at the Australian Bureau of Agricultural and Resource Economics (ABARE). He specialises in economic dynamics, agricultural economics, productivity, and natural resource and environmental economics.




Research Associate
Dr Eriko Hoshino is a postdoctoral research fellow at the School of Economics and Finance (University of Tasmania), and the Institute for Marine & Antarctic Studies, Fisheries Aquaculture & Coast (IMAS-FAC).  Her research interests include fisheries economics, bioeconomic modelling, and management strategy evaluations.  She is a member of the markets team, and a member of the interdisciplinary team of researchers, exploring options for climate change adaptation in the marine environment.  She is also co-investigator of the CRC-funded projects for the Southern rock lobster and Australian abalone fisheries, developing bioeconomic decision support tools.