Senate debates

Tuesday, 5 December 2023

Bills

Nature Repair Market Bill 2023, Nature Repair Market (Consequential Amendments) Bill 2023; In Committee

7:54 pm

Photo of David PocockDavid Pocock (ACT, Independent) Share this | Hansard source

I understand your points about the previous government. I've got two questions. Given we're 18 months in, firstly, I’m interested in which of Graeme Samuel's recommendations the Albanese government have implemented. And, secondly, one of the things that kept coming up in the consultation I did on the nature repair market was that everyone said that there will need to be government investment to get this started. If you look at the carbon market, the ERF—a couple of billion dollars or $1.5 billion put into kickstarting that and actually getting a pipeline of projects. Every stakeholder seemed to say: 'Yes, it could potentially work. There are some integrity issues with the Clean Energy Regulator administering something like biodiversity,' which is not exactly fungible and a lot more complex than carbon. My question is how much money is the Albanese government committing to creating that demand and creating a pipeline of projects?

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