The Integrated Marine Observing System [IMOS] is an Australian national program for observing the oceans around Australia. As one of its important nodes, the New South Wales Integrated Marine Observing System (NSW-IM...The Integrated Marine Observing System [IMOS] is an Australian national program for observing the oceans around Australia. As one of its important nodes, the New South Wales Integrated Marine Observing System (NSW-IMOS] aims to provide more accurate descriptions of the East Australian Current [EAC]. The purpose of this paper is to evaluate the potential economic benefits from NSW-IMOS. Six related sectors which can potentially be among its main beneficiaries are considered: beach recreation, commercial fishing, recreational fishing, recreational boating, natural hazard predictions, and oil spill mitigation. The 1% constant percentage increase evaluation method is used to estimate the potential economic benefits to these six beneficiaries. By using this method, our study shows that the total potential economic benefit for these sectors is estimated to be $ 6.07 million per year. We consider that this is indicative but not conclusive in demonstrating some of the potential economic benefits that can be provided from information gathered by NSW-IMOS facilities. We conclude with further evaluative approaches that could be used to provide more accurate estimates of potential economic benefits.展开更多
文摘The Integrated Marine Observing System [IMOS] is an Australian national program for observing the oceans around Australia. As one of its important nodes, the New South Wales Integrated Marine Observing System (NSW-IMOS] aims to provide more accurate descriptions of the East Australian Current [EAC]. The purpose of this paper is to evaluate the potential economic benefits from NSW-IMOS. Six related sectors which can potentially be among its main beneficiaries are considered: beach recreation, commercial fishing, recreational fishing, recreational boating, natural hazard predictions, and oil spill mitigation. The 1% constant percentage increase evaluation method is used to estimate the potential economic benefits to these six beneficiaries. By using this method, our study shows that the total potential economic benefit for these sectors is estimated to be $ 6.07 million per year. We consider that this is indicative but not conclusive in demonstrating some of the potential economic benefits that can be provided from information gathered by NSW-IMOS facilities. We conclude with further evaluative approaches that could be used to provide more accurate estimates of potential economic benefits.