Bill to pay land managers to protect wildlife and boost biodiversity introduced to federal parliament

Land managers that promote biodiversity through projects like fencing off dams could be entitled to trade credits.

Farmers, Indigenous rangers and local councils are a step closer to being paid to protect nature, with the federal government introducing legislation that would establish a biodiversity trading scheme.

The Nature Repair Market Bill seeks to establish a market for biodiversity certificates that would be regulated by the Clean Energy Regulator and traded similar to Australian Carbon Credit Units.