Showing posts with label great barrier reef. Show all posts
Showing posts with label great barrier reef. Show all posts

23 August 2017

As a coastal defence, the Great Barrier Reef’s value to communities goes way beyond tourism

Image: Clown fish and coral on the Great Barrier Reef near Townsville Photo: Flickr
Great Barrier Reef

Rising sea levels are widely recognised as a threat to coastal communities worldwide. In Australia, the Climate Council estimates that at least A$226 billion of assets and infrastructure will be exposed to inundation if sea levels rise by 1.1 metres. Another report recommended that global mean sea level rise of up to 2.7 metres this century should be considered in planning processes.
The Queensland state government has commissioned the QCoast2100 program. This program aims to help with the development of coastal climate adaptation plans for Queensland communities exposed to sea-level rise.
Although the largest population centres in Queensland are in the state’s southeast, several of the most populous regional centres in Australia are located along the Great Barrier Reef coastline between Gladstone and Cape York. These include Townsville, Cairns, Gladstone, Mackay and Port Douglas.
A major task in developing coastal adaptation plans under the QCoast2100 program is to model inundation from a range of scenarios for sea-level rises and assess how assets will be inundated in the future. However, another threat is on the horizon.

How urban centres are protected
Urban centres along the reef’s coastline, which forms the majority of the Queensland coast, are protected from major ocean storms by natural deposits of coastal sediments. These include dunes and associated vegetation such as coastal forests, wetlands and mangrove systems.
These natural features continue to exist largely because the Great Barrier Reef’s outer reefs dampen incoming ocean waves. Although exposed to the occasional cyclone – which can lead to short-term erosion at specific locations – much of the coastal zone inside the reef is slowly growing out into the sea.
This increasing buffer zone can form a natural barrier to coastal recession.
recently released report estimated the total economic, social and icon asset value of the Great Barrier Reef at A$56 billion. By design, this report did not include many of the ecosystem services the reef provides. One of these is its role in reducing the energy of waves that impact the coastline behind the reef.
However, an earlier assessment of the total economic value of ecosystem services delivered by the reef estimated the present coastal protection benefit is worth at least A$10 billion.
Despite the inherent uncertainties in such assessments, it is clear the reef acts to reduce incoming wave energy and its impacts on cities and towns along much of the Queensland coastline. The total economic value of these benefits is in the billions of dollars.


What role is bleaching playing?
The Great Barrier Reef’s ability to keep protecting the Queensland shoreline, and communities living along it, depends upon the ability of individual reefs in the system to grow vertically to “keep up” with rising sea level.
The jury is still out on whether the outer reefs will be able to keep up with predicted rises. This is an active area of research.
However, it is clear reefs that are extensively affected by coral bleaching will struggle to maintain the essential processes required for productive reef-building. Many reefs are now experiencing net erosion.
Predictions of ocean warming suggest that bleaching events will become even more common in coming decades. Increasing levels of atmospheric carbon dioxide are also making the oceans more acidic, which makes it more difficult for organisms such as corals to maintain their skeletons, which are made of calcium carbonate. This mineral dissolves more rapidly with increasing acidification, reducing the reef’s capacity to recover from storm damage and coral bleaching.
Therefore, as bleaching events and acidification continue, the outer reefs that protect the Queensland coast from ocean waves will increasingly struggle to perform this function.

In turn, over time the Queensland coast will potentially suffer from more coastal erosion, which may increase the vulnerability of coastal infrastructure. This effect, combined with rising sea levels leading to more coastal inundation events, multiples the risks to coastal settlements and infrastructure.
Author: Mark Gibbs Director, Knowledge to Innovation; Chair, Green Cross Australia, Queensland University of Technology from



Further reading:








Free Subscription Offer

Click on image above to Join TREN

How to stay up-to-date

Do you have an opinion about the Great Barrier Reef?
The TREN community wants to hear your story.
Become a subscriber to TREN eMagazine and be the first to receive local breaking stories, analysis and opinions on the Townsville real estate market.

The Conversation

01 July 2017

What’s the economic value of the Great Barrier Reef? It’s priceless

Image: Turtle and Diver on the Great Barrier Reef.
Deloitte Access Economics has valued the Great Barrier Reef at A$56 billion, with an economic contribution of A$6.4 billion per year. Yet this figure grossly underestimates the value of the reef, as it mainly focuses on tourism and the reef’s role as an Australian icon.
When you include aspects of the reef that the report excludes, such as the ecosystem services provided by coral reefs, you find that the reef is priceless.
Putting a price on the Great Barrier Reef buys into the notion that a cost-benefit analysis is the right way to make decisions on policies and projects that may affect the reef. For example, the environmental cost of the extension to the Abbot Point coal terminal can be compared to any economic benefits.
But as the reef is both priceless and irreplaceable, this is the wrong approach. Instead, the precautionary principle should be used to make decisions regarding the reef. Policies and projects that may damage the reef cannot go ahead.

How do you value the Great Barrier Reef?

The Deloitte report uses what’s known as a “contingent valuation” approach. This is a survey-based methodology, and is commonly used to measure the value of non-market environmental assets such as endangered species and national parks – as well as to calculate the impact of events such as oil spills.
In valuing the reef, surveys were used to elicit people’s willingness to pay for it, such as through a tax or levy. This was found to be A$67.60 per person per year. The report also uses the travel-cost method, which estimates willingness to pay for the Great Barrier Reef, based on the time and money that people spend to visit it. Again, this is commonly used in environmental economics to value national parks and the recreational value of local lakes.
Of course, all methods of valuing environmental assets have limitations. For example, it is difficult to make sure that respondents are stating realistic amounts in their willingness to pay. Respondents may act strategically if they think they really will be slugged with a Great Barrier Reef levy. They may conflate this environmental issue with all environmental issues.
But more importantly, the methodology in the report leaves out the most important non-market value that the reef provides, which are called ecosystem services. For example, coral reefs provide storm protection and erosion protection, and they are the nurseries for 25% of all marine animals which themselves have commercial and existence value.
The Deloitte report even cites (but does not reference) a 2014 study that values the ecosystem services provided by coral reefs at US$352,249 per hectare per year. The Great Barrier Reef Marine Park covers 35 million hectares with 2,900 individual reefs of varying sizes. This means the ecosystem services it provides are worth trillions of dollars per year.
That is, it is essentially priceless.

The problem with putting a value on the Reef

Valuing the environment at all is contentious in economics. Valuation is performed so that all impacts from, say, a new development, can be expressed in a common metric – in this case dollars. This allows a cost-benefit analysis to be performed.
But putting a price on the Great Barrier Reef hides the fact that it is irreplaceable, and as such its value is not commensurate with the values of other assets. For instance, using Deloitte’s figure, The Australian newspaper compared the reef to the value of 12 Sydney Opera Houses. But while they are both icons, the Opera House can be rebuilt. The Great Barrier Reef cannot. Any loss is irreversible.
When environmental assets are irreplaceable and their loss irreversible, a more appropriate decision-making framework is the Precautionary Principle.
The Precautionary Principle suggests that when there is uncertainty regarding the impacts of a new development on an environmental asset, decision makers should be cautious and minimise the maximum loss. For example, if it is even remotely possible that the extension to the Abbot Point coal terminal could lead to massive destruction of the reef, then precaution suggests that it shouldn’t go ahead.
Assigning a value to the reef might still be appropriate under the Precautionary Principle, to estimate the maximum loss. But it would require the pricing of all values and especially ecosystem services.
While the Precautionary Principle has been much maligned due to its perceived bias against development, it is a key element of the definition of Ecologically Sustainable Development in Australia’s Environment Protection and Biodiversity Conservation Act 1999.
For a priceless asset like the Great Barrier Reef, it is perhaps better to leave it as “priceless” and to act accordingly. After all, if the Precautionary Principle is ever going to be used when assessing Ecologically Sustainable Development, in contrast with cost-benefit analysis and valuations, it is surely for our main environmental icon.
Ultimately, the protection and prioritisation of the Great Barrier Reef is a political issue that requires political will, and not one that can be solved by pricing and economics.
Author: Neil Perry Western Sydney University from the

Further reading:

Free subscription offer

Click on image to Join TREN

How to stay up-to-date

Do you have an opinion about the Great Barrier Reef?
The TREN community wants to hear your story.
Become a subscriber to TREN eMgazine and be the first to receive local breaking stories, analysis and opinions on the Townsville real estate market.