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Climate change and nature loss are our biggest environmental problems - so why isn’t the market tackling them together?

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By illuminem briefings 🌎

· 2 min read


illuminem summarizes for you the essential news of the day. Read the full piece on The Conversation or enjoy below:

🗞️ Driving the news: New research in South Australia's Mount Lofty Ranges shows that actions like revegetation by farmers not only enhance biodiversity but also store carbon
However, Australia’s current carbon market does not recognize this type of carbon gain, indicating a gap in the market's design

🔭 The context: The study focused on the BushBids scheme, where farmers undertook activities like reducing grazing and controlling weeds
These activities, if linked to carbon markets, could finance biodiversity conservation, demonstrating that carbon storage and biodiversity protection can be synergistic

🌍 Why it matters for the planet: This research underscores the potential of land use practices in tackling both climate change and biodiversity loss
Properly designed market-based schemes can incentivize farmers to restore ecosystems while also contributing to carbon sequestration, offering a dual benefit for environmental sustainability

⏭️ What's next: The findings suggest that adjustments in market mechanisms, like Australia's carbon market and the upcoming Nature Repair Market, could facilitate better integration of biodiversity and carbon sequestration goals

📈 One stat: The study found that the additional carbon stored in woodlands could pay all, or a substantial proportion, of the cost of restoring degraded native vegetation

Click for more news covering the latest on climate change

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