Great Barrier Reef A $42 Billion Asset ‘Too Big To Fail’: Sources

Great Barrier Reef A $ 42 billion asset “too important to fail”: sources
The reef, heritage is the largest living structure on Earth and its economic and social value was first calculated in the report of Deloitte Access Economics commissioned by the Great Barrier Reef Foundation.

The development and spines thorns.
SYDNEY, AUSTRALIA: Australia is under pressure The Great Barrier Reef is an Aus $ 56 billion (42 billion dollars) asset and as an ecosystem and economic engine is “too big to fall”, a study was published on Monday.

The reef, heritage is the largest living structure on Earth and its economic and social value was first calculated in the report of Deloitte Access Economics commissioned by the Great Barrier Reef Foundation.

Using the economic model, he said that the largest reef in the United Kingdom, Switzerland and the Netherlands together worth Aus $ 29 billion for tourism, supporting 64,000 jobs.

The value of “non-indirect use” of people who have not yet visited the reef but knows that it has been estimated at 24 billion Australian dollars, with recreational users as the navigators that make up the rest.

The study, based on a six-month analysis, is presented as the reef undergoes a second consecutive year of unprecedented coral discoloration due to warming sea temperatures associated with climate change.

It is also under pressure from agriculture, development and the crown of stars, with problems that have been aggravated this year by a powerful cyclone that beats the region.

Great Barrier Reef director Steve Sargent said the study showed that no single Australian asset has contributed much to the international perception of “Australia Brand”.

“At 56 billion, the reef is estimated in more than 12 operas in Sydney,” he said.

“This report sends a clear message that the Great Barrier Reef as an ecosystem, as an economic engine, as a global treasure is too big to break.”

Commenting on the report, the candidate for the United States presidential election, Al Gore become conservative, said the study was a “holistic approach to the incredible economic value and opportunities offered by the Great Barrier Reef.”

“Any lack of protection of this vital natural resource would have profound implications not only for Australia, but also around the world,” he added.

“Invaluable and irreplaceable”

The study included a survey of 1500 respondents abroad and 10 Australian countries found that people value the reef, for various reasons, because of its importance to tourism, but also the belief that Australia would not be the same without it.

Lead author John O’Mahony Deloitte Access said it was clear that the reef was “priceless and irreplaceable.”

“But we could consider it as an” asset “that has incredible value on several fronts of its biodiversity and its potential to create jobs for its support of critical industries and international visitors to Australia,” said.

Australia held a summit last month of more than 70 major maritime experts in the world to develop a plan on how best to respond to threats to reefs.

The options explored include the development of coral nurseries, strategies to stimulate the killing of the crown of starfish spines, expand surveillance systems and identify priority sites for coral restoration.

The key to the negotiations was the need to reduce greenhouse gas emissions to avoid warm sea temperatures.

Canberra in 2015 prevented UNESCO from putting the reef on the list in danger of extinction and has committed more than 2.0 billion Australian dollars to protect it over the next decade.

However, it was criticized for supporting a large $ 16 billion Indian coal miner project Adani near the reef, which ecologists warn of damaging natural wonder.

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