Nature, everyone agrees, is in trouble. But can Australia’s new market-based mechanism help?
Articles on environmental offsets
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The Darwin woodland is home to endangered species and important for the Larrakia people. The development approval requires habitat offsets – yet the minister herself has publicly doubted offsets work.
Offsets are meant to restore land elsewhere to make up for lost habitat. Developers can make payments to the state to cover the costs of this work, but a new study finds there’s usually a shortfall.
Getting that detail right could mean the difference between a species surviving, or disappearing forever.
For biodiversity offsets to work, landholders need to be on board, but their diverse perspectives remain poorly understood.
You could hardly imagine a worse report on the state of Australia’s environment, and the law’s capacity to protect it, than that released on Thursday.
Top contributors
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Professor of Environmental Management, The University of Queensland
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Professor in Natural Resource Economics, Adelaide University
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Larrakia Traditional Owner, Indigenous Knowledge
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Professor, Urban Ecology and Biodiversity, The University of Melbourne; RMIT University
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PhD Candidate, School of Earth and Environmental Sciences, The University of Queensland
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Professor & Director, QUT Centre for Environment and Society, Queensland University of Technology
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Senior Research Consultant, University of Technology Sydney
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Professor in Conservation Science, School of Ecosystem and Forest Science, The University of Melbourne
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Professor of Conservation Biology, Charles Darwin University
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Adjunct Professor, University of Technology Sydney
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Honorary Associate Professor, ANU College of Law, Australian National University