Tucker Environmental’s Post

📢 The recently released IPART's 2023-24 Biodiversity Market Monitoring Review highlights key findings essential for enhancing biodiversity offset practices in NSW. We look forward to IPARTs investigation into the role the NSW Government should be playing in a market-based mechanism. 🌱 At TE, we support the priority action of developing confidence in the biodiversity market. In order to establish confidence in any market-based mechanism, it is clear that the role of Government is to focus on regulation and administration to achieve market integrity and good governance. In our experience working with private landholders on supply side and project proponents seeking credits, credit development efficiency is a key step that will enhance the market's effectiveness and expand conservation as a land use on private land.   📊 The report also identifies the need for improved data transparency and consistency in measuring biodiversity outcomes, in particular increased emphasis on avoiding impacts. It also points out the importance of stakeholder engagement and adaptive management to ensure that biodiversity markets achieve their intended environmental benefits.   If you’re interested in diving deeper, we encourage you to read the discussion paper or consider making a submission.   https://lnkd.in/g6CZwZis   #Sustainability #Biodiversity #EnvironmentalManagement #IPART

Discussion Paper - 2023-24 Biodiversity Market Monitoring Review - 9 September 2024

Discussion Paper - 2023-24 Biodiversity Market Monitoring Review - 9 September 2024

ipart.nsw.gov.au

Bill Williamson

CPV Valuer | Rural Property Specialist | Land Economist

3mo

Was a good session, hearing all the feedback from hands-on workers in the field.

Like
Reply

To view or add a comment, sign in

Explore topics