Australia To Fund Great Barrier Reef Restoration

Budget earmarks $500m to mitigate Great Barrier Reef climate change

Now, Australia is stepping up to the plate in an attempt to help fix some of the damage the Great Barrier Reef has sustained, pledging over half a billion Australian dollars (around US$379 million) to an extensive recovery effort.

Australian Environment Minister Josh Frydenberg also shared his concern over the issue and told reporters, "The more we understand about the reef, the better we can protect it".

"The Australian Government will invest more than $500 million - the largest ever single investment - to protect the reef, secure its viability and the 64,000 jobs that rely on the Reef".

Foreign Minister Julie Bishop said regional countries looked to Australia's example as a world leader in reef management, as the government's 2050 Plan was approved by the World Heritage Committee as being a standard for the rest of the world to follow.

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The great Barrier Ree cover less than 0.2% of the ocean's floor and is home to 30% of marine and plant species, protecting them from predators and serving as their abode.

Documenting bleached and dying corals around Lizard Island, on the Great Barrier Reef, in May 2016.

The Great Barrier Reef falls into the category of one of the seven natural wonders of the world.

The funding for the Great Barrier Reef restoration is an ambitious plan formed by the collaboration of the Australian government and the Great Barrier Reef Foundation.

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He said there was no doubt climate change had put the Reef under threat, but said there were tangible things Australia could do to build its resilience.

"The funding provides us with a long-term guarantee of a strong on-water presence to manage the Great Barrier Reef World Heritage Area through the on-ground work by our field officers". The $100 million will be used for reef restoration science, $45 million will be set aside for community engagement, $58 million will be allotted for combatting crown-of-thorn starfish, and $40 million dollars will be spent for monitoring the health of the reef system. That process makes the coral reefs become white while eliminating their main energy source.

These have been recorded in 2016, and 2017 and almost 900 miles of the UNESCO World Heritage site has been affected.

Frydenberg said he believed that the reef could overcome its many challenges with help.

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Earlier this month, research published in Nature showed that underwater "heat waves" killed a third of corals on the Great Barrier Reef in 2016, part of the widespread annihilation of corals that took place between 2014 and 2017. Also, it is the largest living ecosystem on the planet, being visible from space as well. The reef is worth an estimated $3.7 billion to the Australian economy through fishing and tourism each day.

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