The Commonwealth Department of the Environment and Energy has recently published Marsden Jacob’s Cost Benefit Analysis on Australia phasing-down mercury.
The analysis supports the Regulation Impact Statement on whether Australia should ratify the Minamata Convention on Mercury which is available here.
The Minamata Convention on Mercury is a multilateral environmental agreement that addresses the adverse health and environmental effects of mercury and mercury compounds from anthropogenic emissions.
Australia signed the Minamata Convention on 10 October 2013 and is now considering ratifying the Convention to become a full Party to it. Ratification of the Convention would legally bind Australia to the Convention’s obligations.
Marsden Jacob’s cost benefit analysis considers the likely cost impacts on business and government that would arise from ratifying the convention as well as identifying and assessing the benefits on human health and the environment.
Our analysis considered the impacts that ratifying the convention and/or phasing down mercury would have, including costs to coal fired electricity generation, cane growers, dental practices, street lighting, the waste and recycling sector, as well as oil and gas production.
The analysis weighs up these costs against the human health benefits (particularly on Intelligence Quotient or IQ) and environmental benefits of phasing down mercury.
For more information on this project contact Alex Marsden in our Perth office or Peter Kinrade in our Melbourne office.
For news on this and other projects visit Marsden Jacob’s webpage www.marsdenjacob.com.au.