The Queensland and Federal government invest $30-$50Million per year in agricultural improvement projects to improve the water quality for the Great Barrier Reef. Where should we invest and what actions should we target to get the best water quality outcomes?
Reefonomics is a web-based planning investment application that couples economic and environmental modelling to allow donor organisations to run alternative investment scenarios and determine the cost and likely water quality benefits of those scenarios.
Reefonomics adopts a recursive, pragmatised, marginal cost abatement curve approach to creating portfolios of investment projects which achieve the greatest water quality benefit for a given budget, or the minimum budget to meet water quality targets.
Reefonomics is due for release in 2021
If you want to know more about Reefonomics or would like a demo, please contact us.