� If private net benefits are negative, but not too negative, consider a technology development to create improved and environmentally beneficial land management options that can be made adoptable with or without positive incentives;
� If private net benefits outweigh public net costs, the land use changes could be accepted, if they occur, no action is needed. Or they could be penalised at an appropriate level but not prohibited;
� If public net costs outweigh private net benefits, use negative incentives( regulation, taxes etc);
� If public net benefits and private net benefits are both negative, no action is necessary. Adverse practices are unlikely to be adopted; and
� In all cases, action needs to be weighed up against a strategy of no action.
Figure 4 Pannell ' s public private benefit framework
Source: http:// dpannell. fnas. uwa. edu. au
Applying an understanding of public and private benefits to incentive selection in the BBB
Appendix A provides detail on how the PPBF can be applied to assist in decision making surrounding incentives. In summary, decision makers should consider the current average practice, the minimum acceptable standard( as anything below this should not be considered for a financial incentive) but could qualify for other non-financial incentives and what is considered to
Landholders driving change: Exploring new incentives | 27