ALCA welcomes today’s announcement by the Prime Minister at Bush Summit 2022 that the Federal Government will introduce legislation for an Australian biodiversity market.
ALCA submission highlights the importance of to protect existing and future investments in the Western Australian conservation estate, as well as providing both certainty and clear pathways for conservation land use to drive investment.
ALCA supports the passage of the Climate Change Bill 2022 and Climate Change (Consequential Amendments) Bill 2022, whilst noting that significant improvements to the Federal Government’s emission reductions targets are still required.
It also highlights the opportunity for the Government to use its revised target as a catalyst to invest in nature-based solutions at scale.
ALCA’s comment letter highlights the need for the natural environment to be central to international financial reporting standards on sustainability.