Submission to the Nature Repair Market Bill 2023 – Draft Exposure
The Wentworth Group’s submission to the Nature Repair Market Draft Exposure Bill
If Australia is to achieve its national and international commitments, reverse the current trajectory of environmental decline, and turn our ambition for ‘nature positive’ into reality, the Nature Repair Market needs to achieve real, additional and absolute biodiversity gain. That is, every dollar invested should leave the environment in a demonstrably better condition than it would have otherwise been, and this investment should not compensate for losses elsewhere. The market should contribute to the restoration of past landscape degradation and help halt ongoing biodiversity declines; it should not be used as a vehicle to counterbalance future losses.
Wentworth Group of Concerned Scientists