The threatened Great Barrier Reef is estimated to be worth $42 billion

Our unsustainable habits are propelling climate change, and as a result, the Great Barrier Reef is under immense environmental stress.  Coral bleaching has reached record levels and no one knows if or when the coral will ever recover. This is concerning not just from an environmental perspective, but, as a new report by Deloitte Access Economics shows, that loss of the reef would represent an “economic catastrophe” as it is estimated to be worth $56 billion (AUS), or $42 billion (USD). As water temperatures rise, the coral expels algae living within, causing it to turn ghostly white (a phenomenon known as coral bleaching).

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BING NEWS:
  • ‘The Worst I've Ever Seen': Great Barrier Reef Suffering Record Coral Bleaching Event
    The Australian Marine Conservation Society (AMCS) has released video footage showing that the southern portion of the Great Barrier Reef is suffering from deep-sea coral bleaching, ...
    04/19/2024 - 9:58 pm | View Link
  • Australia’s Great Barrier Reef is ‘transforming’ from repeated coral bleaching
    The coral reef is currently experiencing its worst mass bleaching event on record — warming waters brought on by climate change are to blame.
    04/18/2024 - 1:00 pm | View Link
  • Coral bleaching afflicts most of Australia's Great Barrier Reef, report shows
    Some three-quarters of Australia's famed Great Barrier Reef is suffering from coral bleaching, authorities said in a report on Wednesday, days after climate scientists warned the condition was ...
    04/16/2024 - 11:30 pm | View Link
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