Nature Repair Market Legislation Public Consultation

Similarly, the NFF acknowledges the proposed framework for biodiversity projects and their registration under the Nature Repair Market and would like to provide input on the following key areas. [...] The NFF maintains our position as expressed in prior submissions that the inherent additionality provisions that apply to the Emissions Reduction Fund and its subordinate legislation are not transferred to the Nature Repair Act. [...] We seek to understand the rationale for such a case, given the EPA is a regulatory and decisive mechanism and that the nature repair framework will be separately governed by the Clean Energy Regulator. [...] The Nature Repair Market has an important opportunity to leverage the research of the Farming for the Future project, which is designed to enhance the sustainability and resilience of Australian agriculture by integrating biodiversity and natural capital considerations into farming practices. [...] Additionally, the value of the land may be impacted by the restrictions and obligations tied to Biodiversity Certificates, such as limitations on land- use or the need to comply with auditing and reporting requirements.