Labor plan for nature repair market rehashes old proposal and risks failure, experts say

The private sector is not seen to be ready to act as the main buyer and the draft is cited as nearly identical to a Morrison-era proposal

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An Albanese government environment plan to encourage companies to invest in nature merely expands a Coalition proposal under Scott Morrison and is at risk of failing due to a lack of business interest, experts say.

The federal government is consulting on legislation to establish a scheme to incentivise investment in nature restoration by creating tradable certificates for projects that protect and restore biodiversity.

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