Beyond Repair?

Comment on the Draft Nature Repair Market Bill (2023)
by Polly Hemming and Rod Campbell

The draft Nature Repair Market Bill presents a fundamentally confused blueprint for a voluntary market in biodiversity conservation services. The Bill does not address the causes of biodiversity loss in Australia, and it remains unclear how many important details of the proposed market will operate. Further, the experience of the Clean Energy Regulator in administering the existing carbon market inspires little confidence that the proposed Nature Repair Market will lead to meaningful conservation outcomes.

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