A new major study has deemed the Great Barrier Reef too big to fail, valued at an asset worth $56 billion. The Deloitte Access Economics report reveals the World Heritage-listed wonder supports 64 000 jobs and is worth $29 billion to tourism. The study is based on six months’ analysis succeeding the second straight year of coral bleaching due to warming sea temperatures. This has been linked to climate change with additional pressure from farming run-off and the recent cyclone pummelling the area.
Reporter Kimberley Nicoll asks Anna Marsden, Managing Director of the Great Barrier Reef Foundation, why they have instigated and commissioned the report.
Photo Credit: National Geographic