{"id":21630,"date":"2023-07-01T12:29:09","date_gmt":"2023-07-01T12:29:09","guid":{"rendered":"http:\/\/www.16news.com.au\/?p=21630"},"modified":"2023-07-01T12:29:09","modified_gmt":"2023-07-01T12:29:09","slug":"senate-hearings-show-green-wall-street-wont-protect-nature-should-be-binned-2","status":"publish","type":"post","link":"http:\/\/www.16news.com.au\/index.php\/2023\/07\/01\/senate-hearings-show-green-wall-street-wont-protect-nature-should-be-binned-2\/","title":{"rendered":"SENATE HEARINGS SHOW &#8216;GREEN WALL STREET&#8217; WON&#8217;T PROTECT NATURE &#038; SHOULD BE BINNED"},"content":{"rendered":"\n<p>Responding to evidence presented at the hearing into the Government\u2019s&nbsp;<em>Nature Repair Market Bill<\/em>&nbsp;held today in Canberra, Greens spokesperson for the Environment Senator Sarah Hanson-Young said:<\/p>\n\n\n\n<p>\u201cToday the Senate heard that the \u2018Nature Repair Market\u2019 bill will not repair nature, but allow for its continued destruction.&nbsp;<\/p>\n\n\n\n<p>\u201cMinister Plibersek\u2019s \u2018Green Wall Street\u2019 bill is greenwashing and it should be binned so we can pass stronger environment laws which protect nature and the climate.<\/p>\n\n\n\n<p>\u201cA range of experts as well as State and Territory officials have shown Minister Plibersek\u2019s nature offset market is undercooked and as it stands would be worse than nothing. It won&#8217;t stop logging or pollution but instead greenwash their expansion.<\/p>\n\n\n\n<p>\u201cEvidence in the hearing showed Minister Plibersek\u2019s scheme will allow developers and mining companies to simply pay for the right to destroy nature and wildlife habitat.<\/p>\n\n\n\n<p>\u201cAlarmingly&nbsp;the PwC report that the Minister uses&nbsp;to justify this scheme argues that a market for nature should be an \u201cabsolute last resort\u201d when it comes to protecting nature. The economic case for the scheme&nbsp;has also been severely undermined.<\/p>\n\n\n\n<p>\u201cExperts have warned that Green Wall Street will allow \u201cdouble dipping\u201d on carbon credits and nature credits for the same project, greenwashing the expansion of both. Green Wall Street would be an environmental ponzi scheme.<\/p>\n\n\n\n<p>\u201cAllowing corporations to pay to destroy nature is not nature positive, and will not save our wildlife.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Responding to evidence presented at the hearing into the Government\u2019s&nbsp;Nature Repair Market Bill&nbsp;held today in Canberra, Greens spokesperson for the Environment Senator Sarah Hanson-Young said: \u201cToday the Senate heard that the \u2018Nature Repair Market\u2019 bill will not repair nature, but allow for its continued destruction.&nbsp; \u201cMinister Plibersek\u2019s \u2018Green Wall Street\u2019 bill is greenwashing and it &hellip; <a href=\"http:\/\/www.16news.com.au\/index.php\/2023\/07\/01\/senate-hearings-show-green-wall-street-wont-protect-nature-should-be-binned-2\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;SENATE HEARINGS SHOW &#8216;GREEN WALL STREET&#8217; WON&#8217;T PROTECT NATURE &#038; SHOULD BE BINNED&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-21630","post","type-post","status-publish","format-standard","hentry","category-aussie"],"_links":{"self":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/21630","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/comments?post=21630"}],"version-history":[{"count":1,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/21630\/revisions"}],"predecessor-version":[{"id":21631,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/21630\/revisions\/21631"}],"wp:attachment":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/media?parent=21630"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/categories?post=21630"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/tags?post=21630"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}