This week’s federal budget reiterated the government’s plan to establish a new scheme for encouraging private investment in conservation, called a biodiversity market (now, rebranded to a “nature repair” market).
A biodiversity market would see landholders granted certificates for restoring or managing local habitats. Landholders could then sell these certificates to, for instance, businesses.
But the effectiveness of such schemes overseas and in Australia can at best be described as mixed.
