Who we are
Eco-Markets Australia is the country’s first independent environmental markets administrator. We are a not-for-profit organisation.
What we do
We create opportunities for farmers, graziers and land managers to be paid for the work they do in improving our environment. We do this by administering crediting schemes that explicitly measure, value and pay for the work of farmers in contributing to environmental outcomes.
Why we do it
Australian agriculture accounts for 446 million hectares. That’s 58% of our country’s land use! Environmental benefits are delivered from this land through changing farming practices, planting trees and removing weeds and pests. Benefits might be things like cleaner water flowing to the Great Barrier Reef, increased biodiversity, or removing carbon dioxide from the atmosphere.
At Eco-Markets Australia we believe it’s important to recognise, value and pay farmers for delivering environmental benefits. We can do this through environmental markets.
Administering environmental markets
We administer voluntary Australian environmental markets. The first product that has been developed is the Reef Credit Scheme – a world-first environmental market scheme designed to improve the quality of water flowing to the Great Barrier Reef.
Developing crediting Standards and Methodologies
We develop environmental crediting Standards, and consultation and approval mechanisms for Methodologies that enable sustainable land and resource projects to deliver verified environmental outcomes.
Providing secure Credit tracking
We are building a secure platform for buyers and sellers to track the generation, purchase and retirement of environmental Credits.
How we came about
Eco-Markets Australia was established during the creation of the Reef Credit Scheme — a response to the emerging consensus that a market mechanism to incentivise water quality improvements across catchments of the Great Barrier Reef was urgently needed.
The Reef Credit Scheme was developed as a collaboration between industry groups, research organisations, natural resource management organisations Terrain NRM and NQ Dry Tropics, project developer GreenCollar, the Queensland Government and regional communities.
During our establishment phase, Eco-Markets Australia has been supported by the partnership between the Australian Government’s Reef Trust and the Great Barrier Reef Foundation, and the Queensland Government’s Reef Water Quality Program, and the NAB Foundation.
Our business model is based on collection of fees for scheme development, administrative services and credit transactions.