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Australia Starts Biodiversity Credits For Conservation Projects

Farmers in Australia will soon be rewarded for restoring local habitats under a new biodiversity program in which certificates can be traded in a similar way to carbon credits. 

The government will introduce legislation to support a market for biodiversity, where credits will be awarded to conservation projects that can prove measurable improvements to the environment, Prime Minister Anthony Albanese said on Friday. Eligible projects include those that protect waterways, provide habitat for native species, reduce erosion and enhance drought resilience.