Great Barrier Reef Economic Impact

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18.2871° S, 147.6992° E the coordinates to one of the most magnificent wonders in the world, the Great Barrier Reef. Just off the coast of Queensland, Australia this massive 1400 miles of coral reef takes up an area of 132,000 square miles. It’s the largest living thing on earth and the home to a whopping 20,000 different species of fish, animals, and plants. The Great Barrier Reef is so massive it can be seen from space. Unfortunately, the Great Barrier Reef, its inhabitants and the economy are slowly diminishing. The burning of fossil fuels and lack of awareness are the reasons the economy and the reef are in the shape that they are there in. Because of climate change the ocean water temperatures have risen, causing coral bleaching and eventually …show more content…

One of the greatest market failures to come with climate change and the burning of fossil fuels is the economic health of our environment. Queensland makes up for less than one percent of the world’s population. The local Queensland government vowed to protect its people, its ocean waters, the environment, and the Great Barrier Reef but the government are currently supporting a plan by Adani, an Indian energy company, and their plan to open and run one of the biggest coal mines in north east Queensland and ship coal to India from the Queensland coast just miles from the Great Barrier Reef. Many believe burning fossil fuels this close to the reef will only increase the temperature even more, speeding up the process of killing the Great Barrier Reef, the environment, and on a small scale the world. This is an example of fossil fuel abuse and not being aware of the consequences that come with burning fossil fuels. The Great Barrier Reef is just a small scale to a very large problem. The economic impact of climate change is affecting imports, exports and trade not just in Queensland, Australia but all over the world. Climate change also has a strong economic impact on tourism and the environment. The 3-degree change is happening as we speak and will have a huge economic impact not only on the Great Barrier reef but the whole …show more content…

I believe one of the simplest solutions in struggling battle against climate change is making people more aware of what climate change is and how its effecting our earth. An article written by Chelsea Harvey of the Washington post said “40% of all adults on earth have never heard of climate change”. Let’s focus on two main questions. “What factors most influence whether a person is aware of climate change” and, “For those that know it’s happening, what factors influence how big of a risk that person thinks it poses”. Proper education of climate change plays a large factor in whether a person is aware of climate change, and visual representation of climate change is the best way to make a person aware of climate

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