Albanese outlines plan for nature restoration market prompting calls for more urgent action

The outlined scheme would reward private landowners who restored and managed habitat, such as this bushfire-affected area in Kulnura, by granting them biodiversity certificates.The outlined scheme would reward private landowners who restored and managed habitat, such as this bushfire-affected area in Kulnura, by granting them biodiversity certificates.

Legislation for a similar land stewardship scheme was developed by the previous government, but a spokesperson for the Albanese government said its scheme was focused not just on farmers but all landholders, including First Nations people and conservation groups.The announcement has been cautiously welcomed by some environment groups, with WWF Australia stating it would help “recognise and measure the enormous economic value of nature”.

When the government is approving new oil and gas extraction, restoring ‘nature’ is just rearranging the decks chairs on the Titanic.

Whatever.

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