A new report values the The Great Barrier Reef to a worth of £33bn. The report bases this figure on the Great Barrier Reef’s critical importance for Australia’s economy.
The study was conducted by Deloitte Access Economics where they took into account the reef’s social, iconic and economic value.
One of the findings of the report is also that the Great Barrier Reef contributes to more than 64,000 jobs.
However, more needs to be done to protect the reef is heavily affected by recent coral bleaching.