The 2021 State of the Environment report (released in 2022) highlights the need for increased efforts in protecting Australia’s unique environment. The Australian Government’s Agriculture Biodiversity Stewardship Package, a precursor to the proposed Nature Repair Market, aims to address this need.
As part of readying for the Nature Repair Market the Australian Government is drawing lessons from existing environmental market programs around the world and Australia on how to best design and develop environmental markets in ways that increase private sector participation and deliver high-integrity biodiversity outcomes and genuine environmental benefits. The Department of Climate Change, Energy, the Environment and Water (DCCEEW) engaged Marsden Jacob Associates together with our colleagues AProf Patrick O’Connor and Prof John Rolfe to deliver an independent review of the Agriculture Biodiversity Stewardship Pilots including the Carbon + Biodiversity (C+B) Pilot and Enhancing Remnant Vegetation (ERV) Pilot.
Review of the Agriculture Biodiversity Stewardship Pilots to inform the Nature Repair Market is available for download on the DCCEEW website::
https://www.dcceew.gov.au/sites/default/files/documents/absp-marsden-jacob-review.pdf
Released September 2023
