Biodiversity offsets have a dismal track record of failure to properly compensate for permitted impacts (NNL) whilst enabling rorting, greenwashing & worse
How do orgs regard the use of biodiversity certificates/credits as offsets in #NatureRepairMarket?🧵
Orgs that WANT/SUPPORT the use of biodiversity certificates as offsets in #NatureRepairMarket
💠Assoc of Mining & Exploration Companies
💠Chamber of Minerals & Energy of WA
💠Minerals Council of Australia
💠Property Council of Australia
💠Urban Development Institute of Australia
Orgs OPPOSED but RESIGNED to use of biodiversity certifications as offsets in #NatureRepairMarket—CALLS for CONDITIONS
💠Australian Climate & Biodiversity Foundation
💠Australian Conservation Foundation
💠Australian Land Conservation Alliance
💠Australian Sustainable Finance Inst
cont'd
Orgs OPPOSED but RESIGNED to use of biodiversity certifications as offsets in #NatureRepairMarket—CALLS for CONDITIONS
💠Environmental Defenders Office
💠Environmental Justice Australia
💠Greening Australia
💠National Environmental Law Association
💠NRM Regions Australia
cont'd
Orgs OPPOSED but RESIGNED to use of biodiversity certifications as offsets in #NatureRepairMarket—CALLS for CONDITIONS
💠The Nature Conservancy
💠Trust for Nature (Vic)
💠WWF Australia
Orgs OPPOSED to use of biodiversity certifications as offsets in #NatureRepairMarket—seek EXPLICIT EXCLUSION
💠ACT Govt
💠Biodiversity Council
💠Birdlife Australia
💠Humane Society Intl
💠Law Council of Australia
💠Wentworth Group of Concerned Scientists
💠Wilderness Society
Minister Plibersek claims "Businesses tell me all the time that they want to invest in nature because their shareholders, customers and staff are demanding it"
The Australian Sustainable Finance Institute is
💠unclear about where the private demand for #NatureRepairMarket credits will come from in the short to medium term, beyond philanthropy
The Carbon Market Institute makes upbeat noises about #NatureRepairMarket before
💠admitting there've "only been a few nature-positive market transactions globally" &
💠calling for a "thorough analysis of demand and supply" plus "stimulus options" for market participation