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The Conversation
The Conversation
Environment
Penny van Oosterzee, Adjunct Associate Professor James Cook University and University Fellow Charles Darwin University, James Cook University

As Australia privatises nature repair, the cheapest approach won’t save our threatened species

Australia Environment Extinction
Shutterstock

Australia is a world-leader in species extinction and environmental decline. So great is the problem, the federal government now wants to harness money from the private sector to pay for nature repair.

Under the government’s new “nature repair market”, those who run projects to restore and protect the environment are rewarded with biodiversity credits. These credits can be sold to private buyers, such as corporations wanting to meet environmental goals.

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