Australia's Loophole For Development Of Sensitive Lands
A new bill passed by the Australian Parliament appears at first to offer protection to environmentally sensitive lands is actually little more than a carbon-trading system for land that helps development on sensitive lands overstep environmental review.
"The Threatened Species Conservation Amendment (Biodiversity Banking) Bill, flicked through by Parliament last month, pretends to assist biodiversity by applying a carbon trading model. In fact, like carbon trading, it amounts to little more than a purchasable license to destroy, without even an eco-assessment of the land in question."
"It's an attractive idea. Attractive to politicians, since it cloaks developer appeasement in greenwrap. Attractive to developers, in allowing low-grade inland to be conserved while top-dollar coastal paradise is developed. And attractive to a concerned public, in trusting the market to conserve high-value environments even as it commodifies them."
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Bear in mind this only
Bear in mind this only applies to NSW, one state in Australia. Planning is still (thankfully) regulated by the states here, and NSW is the most over-regulated and complicated of them all.