Report Finds Investing in Healthy Coral Reefs Could Generate Billions

The study finds there is a “strong business case” for both the private and public sectors to increase investments in the protection, preservation and enhancement of coral reefs. The study titled, ‘The Coral Reef Economy,’ finds a shift to improved coral reef health could unlock an additional US$35 billion in Mesoamerica and an additional US$37 billion in Indonesia through coastal development, commercial fisheries and tourism.

6 November 2018: The Prince of Wales’ International Sustainability Unit (ISU), with the UN Environment Programme (UNEP, or UN Environment), the International Coral Reef Initiative (ICRI) and Trucost, released a report that finds a shift to improved coral reef health could unlock an additional US$35 billion in Mesoamerica and an additional US$37 billion in Indonesia through coastal development, commercial fisheries and tourism. If the world does not implement recommended policies and investments, the report cautions coral reefs could decline 90 percent within the next 30 years.

The study titled, ‘The Coral Reef Economy,’ compares the economic outcomes between a healthy reef scenario and a degraded reef scenario in the Coral Triangle and the Mesoamerican Reef. The healthy reef scenario assumes that increased investment in protection and preservation will return reefs to a healthy state. In a degraded reef scenario, coral reef health would continue to decline from current levels. The study finds there is a “strong business case” for both the private and public sectors to increase investments in the protection, preservation and enhancement of coral reefs.

Read full article . . .