Great Barrier Reef a $42B asset 'too big to fail' - study
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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.
Great Barrier Reef a $42B asset 'too big to fail' - study.(2017, June 27). Manila Times, p. B4.
- The Manila Times