The reef is priceless!
A new report says the Great Barrier Reef is worth $56 billion, more than double the value of a new coal mine opponents say will help kill it.
26 JUN – 2:10 PM UPDATED 26 JUN – 7:29 PM
A new report has put the value of the Great Barrier Reef at more than twice that of Adani’s new mega coal mine in Queensland – a project opponents say will help sign the reef’s death warrant.
But Federal Environment Minister Josh Frydenberg says Adani’s planned mine is “300km inland … in a dry, dusty part of Queensland” and if Australia doesn’t help meet India’s energy needs, another country will do it with dirtier coal and reap all the economic benefits.
Mr Frydenberg was responding to a new Deloitte Access Economics report that valued the Great Barrier Reef at $56 billion and warned of serious economic consequences for Australia unless more is done to protect it.