Victoria has been a leader in market-based instruments within Australia. The Victorian Government Our Environment, Our Future statement outlines the Victoria’s efforts to start improving the quality of the environment and contains 150 key actions in a bid to make Victoria a sustainable state by responding to a growing number of environmental impacts.

The ecoMarkets project is a component of Our Environment, Our Future which uses a comprehensive, market-based approach to environmental policy to achieve a full range of ecosystem services.

ecoMarkets and their significance

The name ecoMarkets is used by The Victorian Government for a system of market-based approaches designed to reward land managers for environmental improvements on their properties. These programs include market-based approaches such as auctions and cap and trade systems.

ecoMarkets have been developed by the Victorian Government to balance ecosystem health and agricultural productivity. Its purpose is to provide incentives for producing ecosystem outcomes such as clean water and biodiversity.

For the past 10 years Victoria has championed the development of market-based programs like EcoTender, BushBroker and BushTender. ecoMarkets will build on these schemes.

The Victorian Government has a number of staff who can assist you with your questions about market-based instruments (MBIs). You can search for these experts using the Little Orange Book, entering Victoria and Government into the search fields. You can send an email with your question or contact them via their contact number.

Alternatively, if it is a general enquiry about MBIs you can set up a forum in the members area and this will be available for comments from everyone in the members area.

There is also a  frequently asked question section on this website which may assist you in answering your questions.