Professor Hugh Possingham, director of Queensland University's Centre for Excellence in Environmental Decisions, believes many more plants and animals could be saved if a rational mathematical approach was adopted. While it might sound mercenary, and means certain species being written off, it's not any different from running any other business, Possingham told Fairfax Media. He added: "Everybody in the world, every day, is doing a cost-effective analysis."
Under the algorithm, species such as the masked owl and yellow-spotted bell frog would be prioritised by New South Wales, with the koala, which is worth an estimated A$1 million ($1.1 million) a year in tourism dollars. Those given a lower priority would include the purple-crowned lorikeet, which is rare in NSW but found across southern Australia.
More than 100 native plants and animals have vanished since European colonisation. The country has the world's worst record for mammal conservation, accounting for nearly one-third of mammal extinctions over the past 200 years.
Rather than directing funds towards species at greatest risk of extinction, the mathematical approach targets those with the best chance of survival. Calculation of "benefit" is based not only on economic value, but on factors such as the role of a species in an ecosystem. Flying foxes, for instance, perform a vital function because they disperse fruit and pollinate trees. Critics such as Belinda Fairbrother, NSW campaign manager for the Wilderness Society, say Government funding for conservation is grossly inadequate.
Possingham acknowledges that many more species could be saved if funding was increased. Writing in The Conversation, an online academic forum, he noted that about A$3 million is spent each year on conserving threatened Australian birds - a sum equivalent to less than 1 per cent of the weekly defence budget. If that sum were tripled, the number of bird extinctions over the next 80 years could be reduced to almost zero, he wrote, and the number of threatened species cut by about 15 per cent.
New Zealand was the first country to apply the algorithm, adopting it about five years ago. Richard Maloney, a senior DoC scientist who has been advising the NSW Government, said 300 threatened species had been identified as most likely to benefit from conservation measures.
Early results indicated a fantastic improvement, he told Fairfax.