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    Great Barrier Reef a $42B asset 'too big to fail' - study

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    Date
    June 27, 2017
    Author
    Agence France-Presse (AFP)
    Metadata
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    Classification code
    MT20170627_B4
    Excerpt
    Australia's under-pressure Great Barrier Reef is an asset worth Aus$56 billion (US$42 billion) and as an ecosystem and economic driver is "too big to fail", a study said Monday. Using economic modeling, it said the reef was worth Aus$29 billion to tourism, supporting 64,000 jobs. The study, based on six months' analysis, comes as the reef suffered an unprecedented second straight year of coral bleaching due to warming sea temperatures linked to climate change.
    Citation
    Great Barrier Reef a $42B asset 'too big to fail' - study.(2017, June 27). Manila Times, p. B4.
    URI
    http://hdl.handle.net/20.500.12174/2345
    Subject
    Barrier reefs; Economics; Ecosystems; Sociological aspects; Ecotourism; Reefs; Climatic changes; Surveys; Biodiversity; Greenhouse effect; Deloitte Access Economics; Great Barrier Reef Foundation; Sargent, Steve; O'Mahony, John
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    • The Manila Times [811]

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