Submission—Nature Repair Market Legislation

On 30 September 2024, the Academy made a submission on the Nature Repair Market Legislation.

Download submission (PDF, 220KB)

The Academy made the following recommendations in its submission:

• Biodiversity outcomes of projects under the Nature Repair Market must be measurable.
• To measure outcomes, the legislated Nature Repair Rules must provide clarification on whether projects address biodiversity at an ecosystem level, or the conservation of individual threatened species.
• Information on what species the project addresses should be included as a specific project attribute.
• The Nature Repair Committee must have a mechanism for ongoing access to biodiversity expertise, which could be through the Biodiversity Assessment Expert Reference Group.
• Auditors need specialised expertise in biodiversity to conduct effective evaluations that ensure the genuine delivery of biodiversity benefits.