$700 million to protect Great Barrier Reef in Australia

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Great Barrier Reef of Australia will get $700 million preservation package.

Image Credit: Shwollo via Wikimedia

The Great Barrier Reef preservation attempt gets $700 million from the Australian Government under their policies on climate change actions. This is was recently reported by Bloomberg by pointing out that it is also contributing to the Australian upcoming election to ensure PM Morrison’s green economic policy. Since the 1980s, scientists have pointed out that the GBR is slowly dying. In 2020, a study found that the Great Barrier Reef has lost more than half of its corals during the last 25 years of the period due to warmer seas driven by climate change. 

According to the Bloomberg report, the package will contribute to employing 64,000 workers and brings in A$6.4 billion in tourism revenue every year. Australian Prime Minister Scott Morrison’s government has been heavily criticized not just for its handling of the reef but for their climate policy, which some say has endangered Earth’s largest living structure.

The Great Barrier Reef, is located in the north of Queensland state of Australia and it is said that visible from Space.

Satellite image of Great Barrier Reef. Image Credit: NASA

It is one of the seven natural wonders of the world and also home to more than 600 varieties of corals and 1,600 species of fish. But it’s also been increasingly under threat in recent decades due to large, repeated coral bleaching events caused by higher sea temperatures caused by climate change. In the January of 2020, Anu Bernard Films reported a significant ice-cover disappearance on an Island in Antarctica.

PM Morrison’s climate action policies have been criticized by environmental groups for favouring Australia’s mining and energy industries and hesitating to take major actions.

However, last October, he unveiled a framework to zero out Australia’s carbon emissions by 2050. His action plan isn’t yet.

However, this new package for the reef includes A$579.9 million to improve water quality and reduce run-off from agriculture and A$252.9 million for reef research and conservation. The total funding will run under nine years action plan.

“We are backing the health of the reef and the economic future of tourism operators, hospitality providers and Queensland communities that are at the heart of the reef economy,” Morrison said in the statement.

Australia’s 2022 election, must be held by the end of May and it is developing pressure on Morrison’s government to increase emission cuts from the opposition Labor party. Meanwhile, the labour party has announced its own policy to spend A$163 million on conserving the reef just a couple of weeks ago.

 Source: Bloomberg

Featured Image Credit: Lock the Gate Alliance

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