Almost three billion hectares of farmland is in poor condition worldwide – an area the size of Russia. Biodiversity is in freefall. Extinctions are rising. Wild animal populations have fallen almost 70% since 1970.
Restoring damaged land and bringing back ecosystems is phenomenally expensive, estimated at A$21 trillion globally.
The sheer scale of the problem is beyond the capacity of traditional approaches to funding repair. That’s one reason why the Australian government is looking to alternatives such as a nature repair market. This, the government hopes, would boost biodiversity – especially on private land such as farms.
