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The National Market Based Instruments Capacity Building Program (Designer Carrots) has produced this decision support tool to aid the selection of market-based instruments (MBIs) for natural resource management (NRM).
The purpose of the tool is to firstly help managers assess whether an MBI is a suitable policy instrument to be used in addressing a particular NRM issue and secondly in ascertaining which type of MBI may be most appropriate. This tool is not intended as a ‘recipe book’, as specific MBI design is very context-specific, with a myriad of biophysical, management and institutional considerations that will influence final choice and design.
Further advice and support with MBIs can be found in the fact sheets and case studies that have been produced by the program (see Quick Links on right side of this page) or if you are a member of this website you can use the Little Orange Book to contact MBI practitioners.
Although this tool is focused on determining when to select a MBI it is important to point out that often a mix of policy instruments will be required to effectively manage a particular NRM issue. For example, education and suasive tools may be used to complement a market-based instrument or regulation.
The tool is structured as follows: a brief overview of MBIs is presented, followed by an overview of the potential for MBIs to be used in natural resource management. The main components of the decision support tool are then presented. A glossary of the more technical terms can also be found on the website. All items in the glossary are shaded in the text for ease of reference.
Instructions for members
There are a number of questions associated with each of the decision support tool steps. For each of these questions there is an area that you can enter your answer. By clicking on Save, (located beside each answer box) your results will be stored. Your results will be included on the Report Output page.
Each step also has a yellow note pad in the right hand column. This note pad can be used to store your questions and notes as you use the tool. You can also save your notes by clicking on Save, located at the botom of the note box for use the next time you log onto the website.
You can print the notes pad by right clicking on the word 'notes' within the note pad and selecting print in the pop-up menu. You can also copy and paste your notes by highliting the next wihtin the note pad using your mouse and then right clicking and selecting copy in the pop-up menu.
It is anticipated that this tool will be used in conjunction with the fact sheets, case studies and the Conservation Tender guidelines which have also been produced by this program. References to these and other support tools are made throughout the document.
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