Australian Greens Leader Bob Brown today launched an analysis of Tasmania's economic potential which finds 3000 jobs could be created from the $120 million fund promised in the intergovernmental forest agreement.

"This fund has the potential to create more than 3000 jobs in regional areas which would largely replace the 3500 jobs lost from forestry since 2008," Senator Brown said.

"But this money will only flow if there is a strong conservation legislative outcome by June this year.

"I commissioned this report to show Tasmanians the sorts of ideas that could be implemented to create an environment that will help small businesses flourish, with protection of the forests at the heart of reforms.

"Edwards and Hanson have interviewed people from Tasmania's business, tourism and academic sectors to come up with an indicative set of projects that could help stimulate private sector investment.

"Their report is a springboard for discussion. I've got a few ideas of my own, including establishing an institute to foster and retain Tasmania's world-leading track-building skills and promoting the far south as a tourism destination for its interesting mix of tourist railway, caves, spectacular coastal walking and historical sites of French arrival," Senator Brown said.

*The report's authors are Naomi Edwards BSc (Hons) FIA, FIAA, FNZSA who is a Tasmanian financial and economic consultant and Jamie Hanson BA(Hons) BPhil (Oxford) a Tasmanian researcher recently returned to his home shores.