IPART is monitoring the NSW Biodiversity Credit Market
Healthy biodiversity is important for the quality of life of current and future generations. The biodiversity credits market plays a key role within the NSW Biodiversity Offsets Scheme to ensure biodiversity losses due to development or land clearing are offset by equivalent biodiversity gains at a price that reflects the efficient cost of conserving biodiversity.
We have been asked to monitor the biodiversity credits market for 3 years from 2022-23 and make findings and recommendations with the aim of:
- maintaining and promoting competition
- addressing the interests of existing and potential biodiversity market participants, and supporting fair trading
- identifying opportunities to improve market efficiency and address market failure.
We have now commenced our third annual review of the NSW Biodiversity Credits Market. We have released a Discussion Paper and are inviting people and businesses involved in the NSW biodiversity credits market to provide feedback on the performance of the market in 2024-25. Stakeholders can make submissions to our Discussion Paper until 27 November 2025
Stakeholders can also share their views at one of our 3 online consultation workshops in November. You can register attend the workshops here.
- Workshop 1: For credit buyers (Tuesday 11 November, 12:30 - 1:30 PM)
- Workshop 2: For third-parties (brokers, accredited assessors etc) (Thursday 13 November, 1:00 - 2:00 PM)
- Workshop 3: For credit sellers (Tuesday 18 November, 10:00 - 11:00 AM)