Australian Government to Create Biodiversity Market

Australian Prime Minister Anthony Albanese speaks to the media at a press conference at Bentley Hospital, which is in the Swan electorate in Perth, Australia on May 16, 2022. Lisa Maree Williams/Getty Images

A biodiversity credits scheme would be the start of a “nationwide restoration” of Australia’s environment, according to the prime minister.

Anthony Albanese said the scheme, announced at an event in regional New South Wales on Friday, would work much like the carbon credits scheme.