Innovative market approaches
As we go about our daily lives and as our population grows, we need to manage the impacts on our environment intelligently. We need to manage our impacts not just because the environment is important but because a healthy environment underpins our quality of life.
We can do this through well designed, applied and enforced regulation. We can also manage our impacts through policy innovation.
Victoria has developed a range of innovative, more efficient and more transparent approaches to achieve environmental benefits. These include programs such as auctions to allocate resources from fisheries and forestry, tenders for funds for environmental improvements and strategic offset programs to balance the impacts of urban development.
These approaches show that with the right information and policy settings markets can be very efficient at allocating resources and delivering goods and services that meet the community's needs while still protecting the environment.