Australia Commits About $379M To Help Save The Great Barrier Reef

Australia to Allocate $500Mln to Protect Great Barrier Reef From Climate Change

Turnbull has committed $500 million to a protection package for the Great Barrier Reef

Here's how this funding will be used to save the world's largest coral reef system.

The Australian federal government has pledged more money to help deal with the problems facing the great barrier reef, with a 380-million dollar package unveiled Sunday.

A 2017 survey found coral mortality varied from the northern to the southern end of the Great Barrier Reef. "The more we understand about the reef, the better we can protect it".

"We want to ensure the reef's future for the benefit of all Australians, particularly those whose livelihood depends on the reef", he added.

The new funding comes after Deloitte Access Economics valued the reef last year at A$56 billion, based on an asset supporting tens of thousands of jobs and which contributes A$6.4 billion a year to the economy. The opposition said the government could still fail to reach its target to reduce emissions 26 to 28 per cent on 2005 levels by 2030.

"Science is well aware of what's killing the coral".

Australian Conservation Foundation chief Kelly O'Shanassy agreed. "Climate change is the number one threat to the Great Barrier Reef and only concerted action to cut pollution will fully protect it".

"It's not working, it's not achieving major water quality improvements", he told Reuters by telephone on Sunday.

The Great Barrier Reef Marine Park Authority will receive an additional AU$10 million each year from 2022-23 to "continue and expand essential work" in the Unesco World Heritage area, Efe news quoted Josh Frydenberg, the Minister for Environment and Energy, as saying.

"We have seen right across the world a number of reefs being hit by this heat stress and this is combined here in Australia with also Cyclone Debbie as well as the Crown-of-thorns starfish", he said. "If the Turnbull government was serious about saving the reef, they would be willing to take on the industry responsible for the damage".

Earlier this month, scientists said the site suffered a "catastrophic die-off" of coral during an extended heatwave in 2016, threatening a broader range of reef life than previously feared.

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