NSW Budget boost to biodiversity

NSW state budget

Major changes to the way New South Wales deals with waste and plastic are coming, thanks to a $286.2 million state budget investment.

The funding, over four years, will go toward implementing the NSW Waste and Sustainable Materials Strategy 2041 which sets out targets for waste reduction and landfill diversion, and the NSW Plastics Action Plan.

Released yesterday, the 2022-23 NSW Budget has a focus on the environment and improving biodiversity with major investments in programs that support landholders to protect and conserve their land, and more than $2 billion invested in programs focusing on protection, conservation and natural capital investment.

It includes $598 million over 10 years for National Parks and Wildlife Service to deliver 250 permanent jobs, including 200 firefighters, and critical infrastructure and fleet upgrades.

A $206.2 million natural capital investment over 10 years for a Sustainable Farming Program will reward farmers who opt into an accreditation program to improve carbon and biodiversity outcomes and $106.7 million over three years will increase the supply of biodiversity offset credits through a new Biodiversity Credits Supply Fund.

Also allocated is $148.4 million over two years to manage the clean-up and removal of flood and storm-related damage, debris and green waste from the 2022 floods.

Minister for Environment and Heritage James Griffin said the budget investment demonstrated the NSW Government’s commitment to protecting the environment and growing a clean economy.

“Our $206.2 million Sustainable Farming Program will ensure farmers can opt to receive benefits for sustainable land management practices, while improving biodiversity and lowering emissions.

“This budget is also delivering a $106.7 million Biodiversity Credits Supply Fund, which will ultimately pay landholders for generating biodiversity offset credits, while conserving biodiversity.

“By partnering with landholders through these new programs, we can continue enhancing existing biodiversity conservation, which is great news for the environment and future generations.”

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