Great Barrier Reef Estimated to Be Worth $42 Billion

Posted by on Thursday, June 29, 2017

Economists have put a price tag on the Great Barrier Reef... $42 billion.

The hope is that putting a monetary value on the Great Barrier Reef will influence decisions on how to preserve it.
The economists said that the reef contributes $6.4 billion to Australian's economy every year and supports 64,000 jobs.

The Great Barrier Reef, off the coast of Queensland in northeastern Australia, is the largest living thing on Earth, and even visible from outer space.

The 2,300km-long ecosystem comprises thousands of reefs and hundreds of islands made of over 600 types of hard and soft coral.

It's home to countless species of colourful fish, molluscs and starfish, plus turtles, dolphins and sharks.

Over 1500 different species of fish live in the Great Barrier Reef.



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