1. I’m from the Government and I’m here to help you All Levels – National, State, District, Local Regulation & Legislation – Create Property Right Land Tenure – Title, Occupation, Land-use (EIAs) Enforcement & Penalties Design & Processes Information & Access Scientific Research & Expertise Infrastructure – Transport, Communicatons, Physical Markets Mobilization of Stakeholders

2. MOBILIZATION The Horse Called Self-interest FARMERS – Layers of Value for Trees CarbonSalinityTimber SAW-MILLERS – Future Supply Exclusion from Native Forests LABOUR UNIONS – Jobs and Reputation FORESTS NSW – Survival Reinvent Themselves as Service Provide SYDNEY FUTURES EXCHANGE – Asia/Pacific Green Exchange (The Green Nasdaq)

3. Property right characteristic 1 Clearly defined 2. Verifiable 3. Enforceable 4. Valuable 5. Transferable 6. Low scientific uncertainty a 7. Low sovereign risk a Table 2 Desirable property right characteristics for creating market: Description Nature and extent of the property right is unambiguous. Use of the property right can be measured at reasonable cost. Ownership of the property right can be enforced at reasonable cost. There are parties who are willing to purchase the property right. Ownership of the property right can be transferred to another party at reasonable cost. Use of the property right has a clear relationship with ecosystem services. Future government decisions are unlikely to significantly reduce the property right's value. a Low in the sense that it does not prevent a market from forming. Moderate levels of risk and uncertainty are not necessarily insurmountable barriers to the operation of a market.