ALCA submission on a national biodiversity market
ALCA’s submission welcomes a national biodiversity market that delivers high-quality, high-integrity, and positive outcomes for the environment, and outlines 12 principles for its design:
- High-quality, high-integrity outcomes for the environment
- Directed towards nationally strategic biodiversity investments
- Clear positive outcomes for the environment
- Ensures a premium for in-perpetuity protection
- Prefer longer term environmental outcomes
- Enhance accountability and transparency
- Non-discriminatory market access
- Governance at arms-length from political intervention
- Direct Federal Government participation
- Reduce complexity without compromising on integrity
- Incorporate lessons from the carbon market review
- Hasten slowly