Concerns Mount Over Economic Viability of Australia’s Nature Positive Plan

Published on October 8, 2024

As Australia hosts the world’s first Global Nature Positive Summit in Sydney this week, the Melbourne-based think tank Institute of Public Affairs (IPA) has raised serious questions about the economic soundness of the government’s Nature Positive Plan. The IPA’s findings suggest that the implementation of this initiative is has a lack of governance and oversight. Saxon Davidson, research fellow at the IPA, argues that it is the taxpayers who will have to bear the projected annual cost of approximately $1.8 billion (US$1.2 billion) for the federal Environment Protection Agency (EPA) that would be established under the plan. Furthermore, the Department of Climate Change, Energy, the Environment and Water (DCCEEW) has reportedly amassed around 221,200 documents related to the Nature Positive plans, totalling over 1.15 million pages....

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