Damage to Australia’s coral reefs to drain $1bn from country’s economy
With fourth mass bleaching of the Great Barrier reef declared by scientists, the recovery chances in near future have almost zero prospects. This damage has been analysed by the scientists in Australia who foresee a whopping $1 billion loss to the country’s economy
The Great Barrier Reef of Queensland state of Australia has been declared as a World Heritage Site by the UNESCO because of its beauty through the coral reef on the long 2300 km stretch in the north eastern region of Australia. But the repeated mass bleaching occurrences seem to have made an irreversible damage to this nature’s endowment. In the year 2016 and 2017, the corals have undergone through bleaching four times which have damaged two-third of the Great Barrier Reef stretch.
The scientists at Australian Climate Council thus made an analysis and prepared a report titled, “Climate Change: A deadly threat to coral reefs’’. This report reveals threats that are likely to follow the mass bleaching occurrences. This report indicates that the damage is not only limited to nature but it also has a huge impact on tourism and country’s economy. The loss of coral reef has been estimated to cause loss of 1 million visitors taking away approximately $ 1 billion from Australia’s economy. The bleaching effect is also said to snatch away 10,000 jobs thus affecting 70,000 people whose livelihood depends on it.
According to the official of Climate Council, Lesley Hughes; bleaching is now not only limited as an environmental issue. The impact would touch the economic sector soon as the Great Barrier Reef has been an invaluable asset to Australian economy. The climate council has appealed to the policy framers to act upon this urgently on the issue and alter the policies to curb the further damage of the coral reefs.
The Great Barrier Reef generates $ 5 billion revenue through tourism annually.