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https://theconversation.com/would-a-nature-repair-market-really-work-evidence-suggests-its-highly-unlikely-199975>
"Why should governments do all of the heavy lifting to arrest the steep decline
of many ecosystems? Endangered species live on private land too – so why not
give farmers and landholders incentives to look after them and restore habitat?
Framed like this, it’s easy to see the appeal of nature repair markets. Harness
private money and direct it towards rescuing nature. No wonder the Albanese
government is forging ahead with its nature repair market bill and seeking
public submissions. If it becomes law, landholders will be able to gain
tradeable biodiversity certificates for projects that protect, manage and
restore nature.
Why do we need it? According to the government, actually reversing the decades
of decline in Australia’s environment is so expensive it’s beyond government
and individual landholders.
It sounds beautiful in theory – carbon credits, but for nature. But the idea
has a poor track record in practice. Other offset markets have been easily
gamed. Ensuring integrity is costly. Policies with teeth – banning land
clearing, stronger environmental laws – are much more likely to work."
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
