CEO of national peak body Australian Land Conservation Alliance appointed to new nature finance advisory group, established by the Australian Government to encourage business investment in nature.
Noting the Government’s current ‘climate first’ approach, and in order to reinforce these mutual dependencies and solutions between nature and climate, the Government should also formally adopt a ‘nature-second’ approach in the Strategy.
ALCA encourages the Queensland Government to provide an exemption from land tax for land with a conservation covenant.
The Government’s carbon market procurement efforts should be delivered to maximise public value, with the cost of abatement as a subset consideration.
Noting that the Government has chosen not to feature nature-related financial disclosures in its current approach, ALCA recommends that existing policy levers be used to provide early guidance for business on nature-related financial disclosures.
ALCA reflects on why a nature repair market is needed to help close the nature funding gap in Australia.
