Biodiversity Financing Mechanisms for the ACT

Stoianoff, N; Noble, G; Nagrath, K

Biodiversity Financing Mechanisms for the ACT

Stoianoff, N

Noble, G Nagrath, K

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Publisher:: UTS
Publication Type:: Report
Citation:: 2024, pp. 1-50
Issue Date:: 2024-07-31

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	ACT Biodiversity Financing Report Final July 2024.pdf	Submitted version	3.33 MB	Adobe PDF	View/Open

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Field	Value	Language
dc.contributor.author	Stoianoff, N https://orcid.org/0000-0003-1532-6241
dc.contributor.author	Noble, G
dc.contributor.author	Nagrath, K
dc.date.accessioned	2024-09-17T02:07:18Z
dc.date.available	2024-09-17T02:07:18Z
dc.date.issued	2024-07-31
dc.identifier.citation	2024, pp. 1-50
dc.identifier.uri	http://hdl.handle.net/10453/180831
dc.description.abstract	Biodiversity financing and natural capital are in early stages of development in Australia following passage of the Nature Repair Act 2023. Driven by the Kunming-Montreal Global Biodiversity Framework (GBF) that recognises the importance of leveraging private finance to close the biodiversity finance gap, nations are focused on developing mechanisms to integrate nature into finance to achieve the shift to nature-positive. This report reviews and analyses the existing institutional and legal frameworks in the Australian Capital Territory (ACT) relevant to this goal and after a comprehensive review of the global biodiversity financing landscape, and examination of the challenges and opportunities of financing biodiversity in the ACT, provides recommendations in the form of potential models of biodiversity financing, taking into account the unique circumstances of the ACT, that work toward achieving 30 by 30 targets.
dc.language	en
dc.publisher	UTS
dc.relation	ENVIRONMENT, PLANNING AND SUSTAINABLE DEVELOPMENT DIRECTORATE - DEPARTMENTAL
dc.rights	info:eu-repo/semantics/closedAccess
dc.title	Biodiversity Financing Mechanisms for the ACT
dc.type	Report
pubs.organisational-group	University of Technology Sydney
pubs.organisational-group	University of Technology Sydney/Faculty of Law
utslib.copyright.status	closed_access	*
pubs.consider-herdc	false
dc.date.updated	2024-09-17T02:07:15Z
pubs.commissioning-body	Environment, Planning and Sustainable Development Directive (EPSDD), ACT
pubs.confidential	false
pubs.place-of-publication	Sydney
dc.location	Sydney

Abstract:

Biodiversity financing and natural capital are in early stages of development in Australia following passage of the Nature Repair Act 2023. Driven by the Kunming-Montreal Global Biodiversity Framework (GBF) that recognises the importance of leveraging private finance to close the biodiversity finance gap, nations are focused on developing mechanisms to integrate nature into finance to achieve the shift to nature-positive. This report reviews and analyses the existing institutional and legal frameworks in the Australian Capital Territory (ACT) relevant to this goal and after a comprehensive review of the global biodiversity financing landscape, and examination of the challenges and opportunities of financing biodiversity in the ACT, provides recommendations in the form of potential models of biodiversity financing, taking into account the unique circumstances of the ACT, that work toward achieving 30 by 30 targets.

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http://hdl.handle.net/10453/180831