Report cited by environment minister in support of offset bill was criticised for inflated figures and lack of clarity on outcomes
Get our morning and afternoon news emails, free app or daily news podcast
PwC has walked back a report used to claim the nature repair market could be worth $137bn, accepting it measures “indirect spending towards biodiversity” but the amount spent on “threatened species conservation, with clear outcomes, is likely much less”.
The consultancy firm made that submission to a Senate inquiry examining the Albanese government’s nature repair market bill in response to a critique of the report from progressive thinktank the Australia Institute.
About Author
More Stories
Israel’s attack on Iran has a real chance of bringing about regime change
NSW Nationals vote to dump net zero by 2050, increasing pressure on Littleproud to follow suit
‘We know Iran is a threat’: Australia backs Israel’s ‘right to self-defence’ but won’t play a military role in conflict