Tue, Sep 11, 2018 - Page 9 News List

Areas of coral bleaching in Great Barrier Reef seem to be recovering

By Colin Bertram  /  Bloomberg

In April, the Australian Federal Government announced a A$500 million (US$355.69 million) funding grant for the Great Barrier Reef so that challenges such as climate change, coral-eating starfish and water quality affected by agricultural runoff could be tackled.

Deloitte Access Economics valued the reef at A$56 billion last year, basing their number on the thousands of jobs that the reef supports and the A$6.4 million a year it contributes to the Australian economy.

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