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The Guardian - AU
The Guardian - AU
National
Lisa Cox

Labor plan for nature repair market rehashes old proposal and risks failure, experts say

Australian native plant seedlings
Landholders would be rewarded for restoring and protecting nature on their properties under the federal plan. Photograph: Tracey Nearmy/AAP

An Albanese government environment plan to encourage companies to invest in nature merely expands a Coalition proposal under Scott Morrison and is at risk of failing due to a lack of business interest, experts say.

The federal government is consulting on legislation to establish a scheme to incentivise investment in nature restoration by creating tradable certificates for projects that protect and restore biodiversity.

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