Biggest Investment in Australian History is to Save Great Barrier Reef. The Australian government will invest 500 million Australian dollars (312 million euros) in the coming years in the recovery of the Great Barrier Reef. That is what Environment Minister Josh Frydenberg said on Sunday. “It’s about the biggest investment in history,” Dawn News says.
The money will go to rehabilitating the reef, improving water quality, countering thorn crowns – starfish that feed on the coral – and making the coral more resistant to higher temperatures and light.
The Great Barrier Reef is the world’s big-hearted coral reef. It covers just under 345,000 square kilometres off the northeast coast of Australia and has been a World Heritage Site since 1981. In recent years, however, it has been faced with large-scale fading, so that a third of the corals have died.
Frydenberg also pointed out on Sunday the importance of the reef for the Australian economy, especially in the field of tourism. It provides 64,000 jobs and brings in 6.4 billion Australian dollars (4 billion euros) every year.