Environment ministry looks at credits market to protect nature

There could be money in a biodiversity market to preserve natural environments. (Image: NZME)

Thu, 14 Sep 2023

The government needs to decide if it wants to take a hands-on or hands-off role in any biodiversity credit market in New Zealand, a consultancy group has advised.A biodiversity credit scheme would allow businesses, individuals and charities to buy credits to restore and preserve nature on private land. A new Ministry for the Environment (MfE) report lays out the options for setting up a voluntary biodiversity credit scheme, which the ministry is now consulting on.The report, prepared by climate change investment and advisory firm Pollinat...

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