Great Barrier Reef $500 million funding to breed resilient coral

Cristina Cross
April 30, 2018

"Protecting the reef for the future means stopping the damage caused through the burning of coal, oil and gas and fixing water quality with a serious investment package", Australian Marine Conservation Society reef campaign director Imogen Zethoven said.

The Great Barrier Reef, a World Heritage, is said to have lost about half of its coral cover over the past 30 years.

500 million big ones will finally be allocated to the Great Barrier Reef by the Turnbull Government to try and improve the seriously worrying conditions the GBR are in at the moment.

As part of the package, to be detailed in the May federal budget, the Turnbull Government will partner with the Great Barrier Reef Foundation through a $444 million agreement to tackle the COTS, reduce pollution and mitigate the impacts of climate change.

"Science is well aware of what's killing the coral".

"To simultaneously promote the world's biggest coal mine (Adani) while pretending to care about the world's largest reef is an acrobatic feat only a cynical politician would attempt". "You can't have both", Ms Casule said in a Greenpeace statement on Sunday.

Great Barrier Reef Marine Park Authority Chairman Dr Russell Reichelt welcomed the funding, saying it was a "game changer" as it significantly ramped up reef programs and protection and provided an ability to seek co-funding from private investors and philanthropists.

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"As long as Malcolm Turnbull continues to pander to the climate change deniers of his party room, the Great Barrier Reef will continue to suffer".

The Reef provides $6.4 billion a year to the Queensland and Australian economies.

The $201 million of the funding package will be allocated for improving water quality, which involves changing farming practices such as reducing fertilizer use.

The financial aid will go towards improving water quality on the great barrier reef, expanding reef restoration and developing coral that's more resistant to high temperatures and light stress.

"The federal government needs to work collaboratively with the Queensland government on reef initiatives to ensure our combined efforts are delivering maximum benefit for the reef", Ms Enoch said.

"This is a hugely positive outcome for the Great Barrier Reef and comes at a critical time after back-to-back mass coral bleaching triggered by the increasing pressure of global warming".

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