Australia allots US$500M budget to mitigate Great Barrier Reef climate change
Malcolm Turnbull, the Prime Minister of Australia, has allotted a budget of US$500 million to mitigate the impacts of climate change on the Great Barrier Reef.
A statement, which was cited by The Guardian, showed that the funding follows a recent study finding that 30 percent of the reef’s corals died in a catastrophic nine-month marine heatwave in 2016.
The fund will be utilized through the Australian government’s partnership with the Great Barrier Reef Foundation.
To expand environmental management and compliance operations, Australia will also increase funding for the Great Barrier Reef Marine Park Authority and the Department of the Environment and Energy.
United Nations earlier said the move to save the world’s coral reefs was at “make-or-break point”.
Then it said that governments all over the world need to intensify concrete actions including limiting greenhouse gas emissions, plastic pollution and impacts from agriculture.