Greens call for environment offsets probe as Tanya Plibersek dreams of Australia as ‘green Wall Street’

Push for moratorium on offsets comes as NSW's scheme found to have no strategy for ensuring protection of environment

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The Greens have called for all environmental offsets schemes across the country to be suspended pending an independent review, after the New South Wales system was found to be riddled with integrity concerns and failing to protect endangered species.

It puts the minor party at odds with the environment minister, Tanya Plibersek, who planned to use a speech on Thursday to argue that well-designed environmental markets, including those using offsets, could be a powerful force for good". She said she hoped Australia may one day be home to a green Wall Street" that attracted conservation investment from around the world.

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