THE Albanese Government has announced a biodiversity credit scheme aiming to increase the scope of carbon farming projects.
Similar to legislation introduced by the previous Coalition government, the scheme will give biodiversity certificates to landholders who restore or manage local habitat, which can then be sold to other parties – operating in a similar way to carbon credits. The markets will operate in parallel, both regulated by the Clean Energy Regulator.
A biodiversity market will also promote management of existing, remnant vegetation that provides habitat for native…
