Labor plan for nature repair market rehashes old proposal and risks failure, experts say
by Lisa Cox from on (#68HW4)
Private sector is not seen to be ready to act as main buyer and draft is similarly worded to a Morrison-era bill
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An Albanese government environment plan to encourage companies to invest in nature merely expands a Coalition proposal under Scott Morrison and is at risk of failing due to a lack of business interest, experts say.
The federal government is consulting on legislation to establish a scheme to incentivise investment in nature restoration by creating tradable certificates for projects that protect and restore biodiversity.
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