The latest report from PwC, “A nature-positive Australia: The value of an Australian biodiversity market,” examines the nation’s rapidly declining biodiversity ecosystems and explores ways in which various stakeholders can work together to address this pressing issue.
One of the report’s key findings is that a biodiversity market could unlock a staggering $137 billion in financial flows to advance Australian biodiversity outcomes by 2050. This presents an opportunity for industries such as real estate, agriculture, mining, tourism, and hospitality to capitalize on nature-positive opportunities.
However, it’s important to note that a biodiversity market is not a silver bullet, and continued investment in conservation, restoration, and protection of species and ecosystems must continue. The report also presents a model of financial flows to biodiversity from 2022 to 2050, adapted from the OECD’s Global Biodiversity Finance estimation methodology for relevance to the Australian context.
At its core, this report presents an opportunity for broad stakeholder engagement to discuss the design and implementation of a nature-positive biodiversity market in Australia. By working together and considering factors such as application, governance, and measurement, we can make meaningful progress in protecting Australia’s unique and precious biodiversity for generations to come.
