Reversing Australia’s environmental decline
Business and private sector investment can make a significant contribution to nature repair. Businesses are increasingly looking for ways to demonstrate their environmental credentials and achieve positive outcomes for nature.
The Nature Repair Market will be based on science and underpinned by legislation to ensure its integrity. It will encourage investment in nature repair and drive environmental improvements across Australia.
Collaboration for a pilot system
DCCEEW has engaged CSIRO to lead a research collaboration to design and pilot an ecological knowledge system for the nature repair market.
Improved access to ecological expertise, data, models and tools will be needed to deliver fit for purpose information to market participants in a timely and reliable way. This includes knowledge and information that helps market participants:
- measure, assess and verify biodiversity and changes in biodiversity due to management activities at a project scale
- identify appropriate management activities and the potential biodiversity benefits from those activities to support project planning and design
- enable comparison of the attributes used to describe and quantify the biodiversity benefits of different projects to support consistent reporting and project comparison
- understand broader landscape context and how projects may contribute to priorities for biodiversity enhancement and protection from regional to international scales.
The ecological knowledge system
The ecological knowledge system is intended to deliver information for use by participants in the nature repair market and others interested in enhancing and protecting biodiversity. The project will involve designing and piloting an approach that integrates existing data, models, methods and expertise from regional to national scales to inform biodiversity assessment and management for market projects.