Evaluating environment policy that has immediate costs but long-term gains

环境政策面临的一个根本挑战是生态和财政成本和效益产生的时间尺度不同。例如，虽然重新植被以抵消土地清理的直接成本，但它可能需要几十年才能成为野生动物的合适栖息地。这些长时间的滞后可能导致支出效率低下和环境结果不佳。该项目旨在开发评估环境政策未来影响的新方法和改进其设计的新方法。计划在生物多样性抵消的政策背景下测试和展示这些方法，这将在全球自然保护中发挥关键作用。

A fundamental challenge for environmental policies is the different timescales over which ecological and financial costs and benefits occur. For example, whilst revegetation to offset land clearing incurs immediate costs, it can take decades for it to become suitable habitat for wildlife. These long time lags can lead to inefficiencies in spending and poor environmental outcomes. This project aims to develop novel approaches for evaluating the future impacts of environmental policies and new methods for improving their design. It is intended that the methods be tested and demonstrated in the policy context of biodiversity offsetting, which is set to play a key role in nature conservation globally.