The Biodiversity Fund is investing $946m over six years to help land managers store carbon, enhance biodiversity and build greater environmental resilience across the Australian landscape. It provides support for the establishment of native vegetation or better management of existing native vegetation.
A targeted approach
Biodiversity Fund investment will assist eligible land managers to restore, manage and better protect biodiversity on public and private land. It will also provide support to land managers who wish to take advantage of emerging opportunities in the new carbon market.
The Biodiversity Fund will invest in three main areas:
- Biodiverse plantings
- Funding will help land managers expand native habitat on their property through planting mixed vegetation species appropriate to the region. This will help build landscape resilience and connectivity.
- Protecting and enhancing existing native vegetation
- Funding will support land managers to protect, manage and enhance existing native vegetation in high conservation areas on their land for its carbon storage and biodiversity benefits.
- Managing threats to biodiversity
- Funding will control the threat of invasive pests and weeds in a connected landscape.