Can a ‘nature repair market’ really save Australia’s environment? It’s not perfect, but it’s worth a shot

Tue, 25 Apr 2023 23:30:58 +1000

Andrew Pam <xanni [at] glasswings.com.au>

Andrew Pam
<https://theconversation.com/can-a-nature-repair-market-really-save-australias-environment-its-not-perfect-but-its-worth-a-shot-203126>

"Australia has embarked on an experiment to create a market for biodiversity.
No, we’re not talking about buying and selling wildlife, although, sadly, there
is a black market for that. This is about repairing and restoring landscapes,
providing habitat for threatened species and getting business and philanthropy
to help pay for it.

When Environment and Water Minister Tanya Plibersek introduced the Nature
Repair Market Bill to parliament last week, she said:

Just because something is difficult, doesn’t mean we shouldn’t do it. It
means we should do it properly.

I agree. We have been publishing research on this topic for decades, discussing
the issue with scientists, social scientists and economists. Now as chief
scientist at the not for profit environmental accounting organisation
Accounting for Nature and chief councillor at the Biodiversity Council, we are
working hard to help turn the theory into reality.

There is, rightfully, a lot of concern about the integrity of biodiversity
markets. However, with appropriate processes in place from governments,
including independent authorities that verify biodiversity outcomes, and
vigilance from the community, there is potential to create a well-behaved,
net-positive biodiversity market in Australia."

Cheers,
       *** Xanni ***
--
mailto:xanni@xanadu.net               Andrew Pam
http://xanadu.com.au/                 Chief Scientist, Xanadu
https://glasswings.com.au/            Partner, Glass Wings
https://sericyb.com.au/               Manager, Serious Cybernetics

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