Leading carbon farming service provider, Climate Friendly, welcomes the passage of the Nature Repair Act through the Australian Parliament as an important step on the path to a Net Zero, nature positive future.
“Crucial efforts to halt biodiversity loss and restore degraded landscapes have received an enormous boost with this legislation, as it gives the private sector the confidence to invest in nature,” says Skye Glenday, Co-Chief Executive Officer of Climate Friendly.
The new legislation will provide a framework to scale investment and expand nature repair pilots, such as the Koala Friendly Carbon program which has been developed by Climate Friendly in partnership with WWF-Australia and Australian land managers. This pilot is currently restoring critical habitat for endangered koalas across privately-owned properties in the Northern Rivers region of NSW. The new Nature Repair Act increases investor confidence and will enable the partners to scale this important nature repair program more rapidly. Koala Friendly Carbon
Additionally, Josh Harris, Co-CEO, commended the Government for heeding Climate Friendly’s request to remove “offsets” from the legislation as part of amendments to the Bill.
“We advocated strongly for the removal of offsets in the early stage of the Nature Repair Act consultation, in both our submissions to Government and to the recent Senate Inquiry into the Nature Repair Bill. The adopted amendment to exclude offsets is key to building trust in the emerging phase of the market as it sends a clear signal that Nature Repair certifications are about nature positive outcomes and not enabling environmental harm elsewhere.”
Climate Friendly looks forward to collaborating with the Government and other stakeholders to develop science-based methods under the new nature framework. This includes scaling up its pilot of an Integrated Vegetation Condition method that uses drone-based technology to provide highly accurate measurements of habitat condition at scale. This method has initially been developed together with Bush Heritage under the Accounting for Nature standard and provides a proven foundation that can be adopted as a future methodology under the new Nature Repair Act. Integrated Vegetation Condition.
“To save the multitude of unique species and ecosystems that are under increasing pressure from land degradation and other development, substantial and sustained investment is required from both Government and the private sector. The Nature Repair Act offers hope to all Australians that our precious environment can be protected, and we can have a nature positive future,” said Ms Glenday.
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