Australia’s ‘green Wall Street’ is failing to launch. Threatened species deserve better than the nature repair market | Euan Ritchie and Yung En Chee
Australia's government is facing criticism for failing to fulfill its environmental promises made in 2022. Experts have identified significant flaws in the draft national environmental standards, which are crucial for protecting biodiversity. As funding for environmental programs declines, public trust in the government's commitment to conservation is eroding.
- ▪Environmental funding in Australia is projected to drop from 0.06% to less than 0.04% of the federal budget by 2028-29.
- ▪A survey indicated that 96% of Australians want more action to protect nature, yet the government continues to prioritize business interests over environmental needs.
- ▪Only two national environmental standards have been released for consultation, with none finalized, raising concerns about their effectiveness in protecting threatened species.
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‘Experts in biodiversity and environmental law have found major flaws in the draft national standard for matters of national environmental significance.’ Photograph: NSW governmentView image in fullscreen‘Experts in biodiversity and environmental law have found major flaws in the draft national standard for matters of national environmental significance.’ Photograph: NSW governmentOpinionConservationAustralia’s ‘green Wall Street’ is failing to launch. Threatened species deserve better than the nature repair marketEuan Ritchie and Yung En CheeOne must ask why Labor is so comfortable continuing to ignore the wishes of the vast majority of votersSun 17 May 2026 22.24 EDTLast modified on Sun 17 May 2026 22.26 EDTShareAnthony Albanese’s government swept to power in 2022 and, among many…
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