Today, we were excited to attend the inaugural meeting of the Minister for the Environment and Water’s Nature Finance Council. Over the next three years the group will advise on how to shift private finance to benefit nature.
Natural capital underpins our way of life, and our economic prosperity and opportunity. Our ability to address climate change depends heavily on nature and the services it provides. While governments must play a leading role, governments alone cannot deliver the financing needed to protect our environment.
The Australian Government is committed to leading the way in protecting and restoring nature. Australia’s Environment Ministers have agreed to develop ambitious national targets in line with the Global Biodiversity Framework. The Framework’s global targets include mobilising at least USD 200 billion per year by 2030 in public and private finance for nature.
To help Australia play its role, the Nature Finance Council will provide advice on how to:
- increase finance into transparent and real benefits for nature,
- position Australia as a global leader in nature finance, and
- commercialise credible emerging nature markets.
The Council will be chaired by Dr. Ken Henry AC and includes finance, business, environmental science, and First Nations experts.
The Council will talk about government priorities like the Global Nature Positive Summit. From these discussions, they will make recommendations to the Australian Government. These recommendations will be shared on our website so that everyone can see them.