Dr Jody Gunn joins finance, industry, science, and First Nations representatives on the Nature Finance Council, which will provide advice to the federal government on pathways and mechanisms to increase private investment to help solve Australia’s worsening biodiversity crisis.
Dr Gunn said the need to address Australia’s biodiversity crisis is significant and urgent, and success is the only acceptable result – our communities and livelihoods depend on it.
“Australia has made ambitious, deeply necessary commitments to deliver targets for people and nature under the Global Biodiversity Framework. Now we need all hands on deck to achieve the targets.
“The private sector can and must play a pivotal role in reducing its impact on biodiversity, and in investing in its recovery. I welcome the opportunity to support this through the work of the Nature Finance Council and look forward to working with Council members to consider this critical challenge.
“In addition to direct investment, governments play a critical role in delivering strong regulation, smart incentives and developing mechanisms to drive private finance towards nature” Dr Gunn said.
Approximately half of Australia’s Global Domestic Product has a moderate to very high dependence on nature, which the 2021 State of Environment Report reconfirmed is in a state of serious decline. Solving the nature crisis requires bridging the multi billion-dollar gap in finance needed to address the challenge.
Private finance has the ability to scale and leverage biodiversity projects but needs strong Government leadership to de-risk investment.
The establishment of the Council comes at a time when the private sector is facing greater demand to consider its impacts and dependencies on nature.
“We must urgently rethink our relationship with nature. Halting and reversing biodiversity decline is fundamental to our survival and prosperity. We cannot afford to undervalue it a minute longer.”
“ALCA will continue to advocate for and develop pathways to assist with the huge uplift we need from private, public and philanthropic investment to secure a healthy and resilient Australia. I’m pleased to be able to bring forward the experience and expertise from across our sector to this role,” said Dr Gunn.
The Australian Land Conservation Alliance represents organisations protecting, stewarding and restoring nature on private land, and works to scale public, private and philanthropic investment that enables private land holders to achieve nature outcomes.