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We’re very excited to announce that our Murray-Darling Basin Balanced Water Fund has been chosen as one of two finalists in the 2017 Banksia Awards (Natural Capital category).
Since their inception in 1989, the Banksia Sustainability Awards have earned the reputation as the most prestigious sustainability awards in Australia. They acknowledge innovation, leadership and excellence in economic, social and environmental sustainability.
The Murray-Darling Basin Balanced Water Fund provides water security for farmers, while protecting culturally significant wetlands that support threatened species or ecosystems. It invests in permanent water rights in the southern Murray-Darling Basin and allocates those rights in a smart way. When water is abundant and agricultural demand is lower, more water is made available to local wetlands. When water is scarce and agricultural demand is higher, more water is made available to irrigation. This approach optimises agricultural and environmental outcomes by replicating the natural wetting and drying cycles of the Basin. It’s a win-win approach, aligning the interests of people and nature.
You can read more about the Fund’s most recent watering event at Yambuna Lagoon in northern Victoria here.
The winners of the Banksia Awards will be announced in Sydney on 1st November 2017.