The single largest investment in a coral reef ecosystem was announced recently by the Australian Government, with the central piece of this investment a partnership with the Great Barrier Reef Foundation to build the resilience of the Great Barrier Reef.
The Australian Government will protect thousands of jobs, improve water quality, tackle coral-eating crown-of-thorns starfish and implement scientific reef restoration on the Great Barrier Reef.
The reef is a critical national asset providing AUS$6.4 billion a year to the Queensland and Australian economies.
The Australian Government will invest more than AUS$500 million – the largest ever single investment – to protect the reef, secure its viability and the 64,000 jobs that rely on the Reef.
The Great Barrier Reef Marine Park Authority and the Department of the Environment and Energy will also be boosted with AUS$56 million to expand environmental management and compliance operations on the Reef and to support this significant additional investment in the Reef.