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The Conversation
The Conversation
Environment
John Hawkins, Senior Lecturer, Canberra School of Politics, Economics and Society, University of Canberra

New report slaps an official price tag on Australia’s precious natural assets

Roadwarrior Photography/Shutterstock

Climate regulation through carbon storage was worth A$43.2 billion to Australia in 2020-21, according to a report released today which seeks to put a monetary value on the benefits flowing from our natural assets.

Australia’s first national ecosystem accounts were released by the Australian Bureau of Statistics on Thursday. Together, they reveal the key ways our environment contributes to Australia’s economic and social wellbeing in dollar terms.

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