A biodiversity credits scheme would be the start of a “nationwide restoration” of Australia’s environment, according to the prime minister.
Anthony Albanese said the scheme, announced at an event in regional New South Wales on Friday, would work much like the carbon credits scheme.
Farmers would receive biodiversity certificates or credits for planting vegetation along a hillside to stop erosion and protect the local soil.
It would also reward the creation of connectivity between different habitats, providing corridors for survival for threatened species.
The prime minister told The Daily Telegraph’s Bush Summit that placing a market value on biodiversity would help protect environments….