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ARTICLE · 02 SEPTEMBER 2022

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New biodiversity trading scheme announced – opportunities open to land managers

Cooper Grace Ward
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Biodiversity certificates can be bought and sold on a market similar to the current carbon trading scheme.

AustraliaEnvironment
Diane Coffin
Diane Coffin
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In their joint announcement, Prime Minister Anthony Albanese and Environment Minister Tanya Plibersek said the new trading scheme would recognise landholders who restore or manage habitat and grant them biodiversity certificates, which can be bought and sold on a market similar to the current carbon trading scheme.

The goals of the new biodiversity trading scheme announced to date are to 'protect waterways, provide habitat for native species, reduce erosion, protect topsoil, improve drought resilience and create shelter for livestock'. The announcement also stated the new biodiversity market will 'promote management of existing, remnant vegetation that provides habitat for native species'.

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