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The Guardian - AU
The Guardian - AU
National
Paul Karp Chief political correspondent

Labor’s plan for ‘green Wall Street’ in danger as Coalition backflips to oppose bill

Environment minister Tanya Plibersek
Environment minister Tanya Plibersek faces an uphill battle over the nature repair market bill. Photograph: Bianca de Marchi/AAP

The Albanese government’s proposed nature repair market – which Tanya Plibersek once said could create a “green Wall Street” – is in trouble after the Coalition backflipped to oppose it and the Greens labelled the draft legislation “irreparable”.

The fate of the bill won’t be decided until after a Senate inquiry reports on 1 August, but the Coalition’s changed position sets up another Labor-Greens stoush over environmental legislation.

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