The Great Barrier Reef alone employs 64,000 people and contributes $6.4 billion to the Australian economy. a critical economic asset, providing income and jobs for the community. 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. Great Barrier Reef Marine Park Authority. The total economic value of coral reef services for the U.S.including fisheries, tourism, and coastal protectionis over $3.4 billion each year. The tight and unforgiving deadline the Great Barrier Reef is up against necessitates an understanding of its true value to know what kind of policy action is required in response. The Great Barrier Reef (GBR) is a globally significant area located in the Coral Sea off the coast of Australia. It extends for more than 2,300 kilometres along the north-eastern coast near the Australian state of Queensland. It is the worlds largest coral reef ecosystem and is listed on the register of World Heritage sites. Economic costs and benefits for the Great Barrier Reef. 25. MANAGING THE GREAT BARRIER REEF An Environmental and Ecological Economic Assessment Assessment Weight: 35 % Due Date: Friday, Week 11, 5pm (Sept 28) Word Limit: 2000-2500 words (State the word count on the title page of your essay) The Great Barrier Reef is widely recognised as one of the wonders of the natural world and it provides a Great Barrier Reef (Qld.) 1219: 113133. The Great Barrier Reef was declared a marine park in 1975, with the passing of Commonwealth legislation that also established the Great Barrier Reef Marine Park Authority (GBRMPA). Ann. (A) Economic value of the GBR to the Australian economy (5052), compared to expenditure on management of the Great Barrier Reef Marine Park (6567). The benefits accruing from the goods

The wellbeing, reproduction and overall health of fish due to chemical runoff over time, is still being investigated (Amelia S. Wenger, 2015). Being a Had the Great Barrier Reef been listed as in danger in 2015, fossil-fuel developments in the catchment areas draining into the reef would have struggled to get approval. 260. Tourism to the Great Barrier Reef is a major economic driver for all of the coastal communities along the reef. The economic value of ecosystem services in the Great Barrier Reef: our state of knowledge @article{Stoeckl2011TheEV, title={The economic value of ecosystem services in the Great Barrier Reef: our state of knowledge}, author={Natalie Stoeckl and Christina C. Hicks and Morena Mills and Katharina E. Fabricius There is no concrete data Although the impact on reef fish is still uncertain. Image: Turtle and Diver on the Great Barrier Reef. Values generated by the Great Barrier Reef, Australia. When a coral reef supports fewer fish, plants, and animals, it also loses value as a tourist destination. Deloitte Access Economics has valued the Great Barrier Reef at A$56 billion, with an economic contribution of A$6.4 billion per year. Economic values of coral and Financial Value of the Great Barrier Reef Marine Park. 2008.

3 The reef is a breeding ground for humpback We compared these findings to the negative impacts and short-term economic gains from the proposed port expansions. The economic value of ecosystem services in the Great Barrier Reef: our state of knowledge. DOI: 10.1111/j.1749-6632.2010.05892.x Corpus ID: 36918935. The total value of the Great Barrier Reef (GBR) could not be estimated here because many of these values have not been quantified (and may never be). 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. We completely agree that the Great Barrier Reef is priceless, and so do the authors of the paper.

Marine condition is likely to impact the future economic and community benefits provided by this unique ecosystem. Consecutive bleaching episodes in 2016 and 2017 affected a 1,500 kilometer stretch of Great Barrier Reef coral, an area which covers two-thirds of the total 2,300 km reef. Valued at $56 billion, the Great Barrier Reef is a global icon and an important Australian economic, social and environmental asset. Valuing local recreation in the Great Barrier Reef, Australia Research Report No 102 4 2 Methods The basic market model of demand and supply provides the foundations for understanding concepts of economic value provided by natural resources like beaches. The economic value of ecosystem services in the Great Barrier Reef: Our state of knowledge February 2011 Annals of the New York Academy of Sciences 1219(1):113-33 It hosts a complex and delicately balanced ecosystem under multiple threats from human activities both locally on the reef, regionally along its coastline and globally through climate change. It supports 64,000 jobs and contributes $6.4 billion to the Australian economy. 2 Access Economics Pty Ltd. 2005. Table 16.4 shows the number of people employed and the value added by the economic activities associated with the Great Barrier Reef (GBR). N.Y. Acad. Deloitte Access Economics has valued the Great Barrier Reef at A$56 billion, with an economic contribution of A$6.4 billion per year. Commissioned by the Great Barrier Reef Foundation, the report finds the reef added $6.4 billion of economic value to the Australian economy in 2015-16, including $3.9 billion in Queensland. The Great Barrier Reef alone employs 64,000 people and contributes $6.4 billion to the Australian economy. Deloitte set the value of the Reef at $56 billion and have identified that the natural wonder provides Australians with 64,000 jobs. The Oxford Economics report, which values the reef at $51.4 billion, also found up to 50 per cent of tourists who would normally visit the reef would stay away from Queensland if bleaching was permanent. Cen- Great Barrier Reef Marine Park Authority. Great Barrier Reef near Cairns.

The reef contributed $6.4 billion to the national economy in 2015-16.

But the Great Barrier Reef brings in billions of dollars in Once coral reefs are damaged, they are less able to support the many creatures that inhabit them.

The Great Barrier Reef is incredibly rich, diverse and under threat. Townsville, QLD. Its worth reiterating at this point that: The number $56 billion It is not an attempt to provide a total value of the Reef. 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. Despite their great economic and recreational value, coral reefs are severely threatened by pollution, disease, and habitat destruction. The Great Barrier Reef spans nearly 133,000 square miles (345,000 square kilometers) off Australia's northeastern coast and is home to

In 1981 the Great Barrier Reef was added to the World Heritage List in recognition of its Outstanding Universal Value (OUV). The Great Southern Reef touches five states and covers more than 71,000 square kilometres. The Value of the Great Barrier Reef? THE ECONOMIC VALUE OF GREAT BARRIER REEF TOURISM TO AUSTRALIAS REEF REGIONS Page September 2020 CE Ref J3327 4/16 1) Actual expenditure on reef trips; 2) Associated expenditure by the reef visitors in the region. The economic value of ecosystem services in the Great Barrier Reef: our state of knowledge in Ecological Economics Reviews. Robert Costanza, Karin Limburg & Ida Kubiszewski, Eds. Sci .

Another study estimated the economic value of Great Barrier Reef in Australia and found the consumer surplus for both local and international visitors was $800 per tourist per trip [30]. Townsville, QLD. Sci . ABC News, 10th August 2009 An international study has found that the economic cost of coral bleaching of the Great Barrier Reef would be $37.7 billion.. (A) Economic value of the GBR to the Australian economy (5052), compared to expenditure on management of the Great Barrier Reef Marine Park (6567).

More than the jobs it supports and the value it adds to the economy each year, the Great Barrier Reef is valued at $56 billion as an Australian economic, social and iconic asset. The Great Barrier Reef Marine Park Authority quietly published its first broad position statement on fishing in late August, laying out This research conducted between 2015 and 2016 by the multinational accounting firm Deloitte shows the total economic value of the Great Barrier Reef to Australia to be $4.5 billion US dollars. The Great Barrier Reef is worth protecting from the threats posed by port expansions. Cairns and the Great Barrier Reef represents some of the finest and most exotic scuba diving and snorkelling in the world. It runs over 2300 kilometers and can be seen from space. It runs over 2300 kilometers and can be seen from space. Who The report, published by the financial consultancy Deloitte Access Economics, also found that the enormous coral reef off of Queensland, Australia, supports 64,000 jobs in that

It formed the world's largest barrier reef, 3001,000 m (9803,280 ft) from shore, stretching for 2,000 km (1,200 mi). The reef is estimated to contribute over $6 billion dollars annually to Australias economy 3 and has huge cultural and traditional value for many Aboriginal and Torres Strait Island peoples. Its beauty is captivating making it a vacation destination for many tourists in the world. Its beauty is captivating making it a vacation destination for many tourists in the world. Deloitte Access Economics has valued the Great Barrier Reef at A$56 billion, with an economic contribution of A$6.4 billion per year. In a world first, this new Deloitte Access Economics report, for the Great Barrier Reef Foundation (with support from National Australia Bank and the Great Barrier Reef Marine Park Authority) calculates the total economic, social and icon asset value of Scientists are helping write a children's book to highlight its importance. The Great Barrier Reef (GBR) provides economic and community benefits in the form of tourism, employment, cultural services (tourism and participation in cultural activities) and provisioning services (aquaculture, fish, etc.). 2 The reef is home to more than 400 types of coral, as well as coral sponges, mollusks, rays, dolphins, and a diverse array of tropical fish, birds, and reptiles. Yet this figure grossly underestimates the value of the reef, as it mainly focuses on tourism and the reefs role as an Australian icon. There is no concrete data on the economic value of

In August 2008, the Great Barrier Reef Foundation commissioned Oxford Economics to undertake a study of the costs of a total and permanent bleaching on the Reef to the Cairns region and, as part of that study, to reassess the value of the Reef. There are a range of economic benefits that arise from different activities in the Great Barrier Reef region. It is however, known that reef fish are losing habitats due to the impacts on corals. The economic, social and icon value of the Great Barrier Reef. The Great Barrier Reef is the worlds most iconic coral reef, spanning 14 of latitude and covering an area of almost 350,000 square kilometres. A new Deloitte Access Economics report has calculated the total asset value of the Great Barrier Reef to be $56 billion, assessing the World Heritage sites economic, social and iconic brand value together in one study for the first time.. Economic benefits The Great Barrier Reef is a critical economic asset, providing income and jobs for the community. Reef-dependent industries and Reef-associated industries support diverse and sustainable communities. Ann. Ecosystem services in the Great Barrier Reef Economics of Ecosystems and Biodiversity (TEEB) report6 analyzed 80 coral reef valuation studies, and Brander et al.7 collected information on 166 differ- ent coral reef valuation studies, using a subset of 52 of those studies to conduct a meta-analysis. Conservation International. The tourism industry contributes $5.7 billion to the Australian economy and supports 59,000 full time jobs.

Table 16.4 shows the number of people employed and the value added by the economic activities associated with the Great Barrier Reef (GBR). The Great Barrier Reef is worth A$56bn (33bn; $42bn) and is critical to supporting economic activity in Australia, according to a new report. Bergman, K. M. Distribution and ecological signicance of the boring sponge Cliona viridis on the Great Barrier Reef, Australia. Ann N Y Acad Sci. Actual expenditure on Tourism: Interesting Activities (economic impact) According to a report on the effects of climate change around the world, the Great Barrier Reef represents the longest reef system globally, measuring approximately 2,100 km in length (Parry 2007, p. 853). Great Barrier Reef Outlook Report 2009, Great Barrier Reef Marine Park Authority, Australia, September 2009, (pp. People living near the Great Barrier Reef are deeply worried about its future, and scientists say its time for the government to listen. The Great Barrier Reef's total $56 billion AUS value includes $29 billion from tourism, $3.2 billion from recreational activities, and $23.8 billion from "indirect or non-use value," a

And globally, reef activities create some $30 billion annually in economic value. 260. Although the Great Barrier Reef formed along a continental shelf, and not around a volcanic island, Darwin's principles apply. The Great Barrier Reef's total $56 billion AUS value includes $29 billion from tourism, $3.2 billion from recreational activities, and $23.8 billion from "indirect or non-use value," a In fact, they refer to the Reef as being priceless six separate times in their report.


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