Australia’s under-pressure Great Barrier Reef is an asset worth AU$56 billion (£33 billion) and as an ecosystem and economic driver is “too big to fail”, a new study has revealed.
The World Heritage-listed reef is the largest living structure on Earth and its economic and social value was calculated for the first time in the Deloitte Access Economics report commissioned by the Great Barrier Reef Foundation.
It said the reef – bigger than Britain, Switzerland and the Netherlands combined – was worth AU$29 billion to tourism, supporting 64,000 jobs.
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