Australia announces record investment in Great Barrier Reef

30 April, 2018, 11:31 | Author: Sherry Houston
  • Australia to Allocate $500Mln to Protect Great Barrier Reef From Climate Change

The funding, to be unveiled today, will go towards improving water quality, tackling the crown-of-thorns starfish, and expanding reef restoration.

Australia's chief scientist is congratulating the federal government on its promise to improve the quality of the Great Barrier Reef.

Environment Minister Josh Frydenberg acknowledged the reef was facing a number of challenges.

The administration of Prime Minister Malcolm Turnbull announced Sunday it is earmarking more than AU$500 million, or $379 million in US dollars, to protect the reef in partnership with the Great Barrier Reef Foundation.

Prime Minister Malcolm Turnbull is looking to shore up support in Queensland ahead of next year's election. The reef's health and prospects are increasingly grim.

"You can not protect the reef from puddles of warm water sitting over the entire northern GBR, together with all of the cyclones that came at the same time which were also climate-related".

How long will the Cubs be without Kris Bryant?
Now, it has simulated Saturday's game 10,000 times, breaking down every conceivable at-bat to produce a strong money line pick. Bryant has been out since Sunday, when he was hit in the head by a 96-mph fastball from Rockies starter German Marquez .

The government will partner with the Great Barrier Reef Foundation in an agreement worth $444 million to mitigate the effects of climate change, reduce pollution, and deal with crown-of-thorns starfish, the coral-eating starfish that can munch their way through corals when they explode in numbers.

The Great Barrier Reef is home to the world's largest collection of coral reefs, with around 400 types of coral and 1,500 species of fish. The plan still awaits final approval. "And we must unlock new scientific insights that can help restore the reefs that have suffered damage", Dr Schubert said.

The $201 million of the funding package will be allocated for improving water quality, which involves changing farming practices such as reducing fertilizer use. It also aims to ramp up the fight against coral-eating crown-of-thorns starfish, and breed coral that is more resistant to high temperatures and light stress.

Doctor Alan Finkel says it's a welcome move - but some are questioning whether the government's announcement is too late.

The Australian Academy of Science was only slightly more supportive of the government's plan.

After that time, the Marine Park Authority will receive a guaranteed ongoing funding increase of more than $10 million per year for field management - doubling the Australian Government's contribution to the program in the long-term.

Recommended:

  • Most Active Volume Stock: Delta Air Lines, Inc. (DAL)

    Moreover, Hightower Advsr Limited Liability Corp has 0.05% invested in Delta Air Lines, Inc . ( NYSE : DAL ) for 236,745 shares. It dropped, as 54 investors sold DAL shares while 267 reduced holdings. 251 rose positions while 104 funds acquired positions.
    Palestinian Child Dies From A Serious Injury Suffered Friday

    Palestinian Child Dies From A Serious Injury Suffered Friday

    There were no immediate details on injuries, but ambulances rushed to the scene and took away dozens of wounded. According to Gaza Health Ministry, the Israeli soldiers opened fire from across the border on protesters.
    Exxon Mobil Corp. (XOM) Position Maintained by Rothschild Capital Partners LLC

    Exxon Mobil Corp. (XOM) Position Maintained by Rothschild Capital Partners LLC

    Exxon's US production swung to a $429 million profit from a year-earlier loss. 34,599 are owned by Stellar Cap Management Llc. Total revenues and other income for the quarter grew to USD68.21 billion from USD58.67 billion in the previous year.
  • ICE raid on Rome farm prompts Cuomo response

    ICE raid on Rome farm prompts Cuomo response

    Cuomo has issued a cease and desist letter to ICE to demand the immediate stop of unconstitutional enforcement actions. Homan responded hours later with a six-paragraph statement that accused Cuomo of "grandstanding".

    David Akers trolls Cowboys fans announcing Eagles pick

    He is the first NFL Draft pick from SDSU since 2010 when the Buffalo Bills selected defensive end Danny Batten in the sixth round. Unlike James, Goedert doesn't have an affinity for the Cowboys, even though he was named after them.
    Boeing (NYSE:BA) Shares Sold by M&T Bank Corp

    Boeing (NYSE:BA) Shares Sold by M&T Bank Corp

    Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website .
  • English FA offered £800 million to sell Wembley stadium

    English FA offered £800 million to sell Wembley stadium

    But for a ground officially known right now as "Wembley Stadium connected by EE" that's maybe not such a leap. The Evening Standard reported Khan offered more than 500 million pounds (about $700 million) for the stadium.
    Royal Dutch Shell First Quarter 2018 Results

    Royal Dutch Shell First Quarter 2018 Results

    This is something that Investors should look for in all the stocks they are trading and is an important indicator to keep tabs on. Here we perceived that this stock is unhealthy for investors as it is getting smaller in last half year duration.
    Children Killed In History's Largest Mass Sacrifice Unearthed In Peru

    Children Killed In History's Largest Mass Sacrifice Unearthed In Peru

    Along with the children's remains, archaeologists uncovered the bodies of one man and two women near the sacrificial site. More than 200 young llamas were sacrificed alongside the children - all of which were killed in a single event.
  • Granite Springs Asset Management LLC Invests $293000 in IBM (IBM) Stock

    Thomas Story Son Ltd Company has invested 0.19% of its portfolio in International Business Machines Corporation (NYSE: IBM ). Klingenstein Fields & Co Llc increased International Business Machine ( IBM ) stake by 23.61% reported in 2017Q4 SEC filing.
    Apple Is Done With 3D Touch, Says Trusted Analyst

    Apple Is Done With 3D Touch, Says Trusted Analyst

    Kuo beforehand noticed that the 6.1-inch model wouldn't have 3D Touch, and now we have more insights about it. However, the 2016 iPhone SE did well without the 3D Touch by using an Android-esque long-press gesture.
    Indian Actress Priyanka Chopra Excited To Return To Bollywood

    Indian Actress Priyanka Chopra Excited To Return To Bollywood

    See you next week! Priyanka is reprising her role as Federal Bureau of Investigation agent Alex Parrish in the series. During the show, the actress participated in a segment with the other guest, popular magician David Blaine.


Popular

Ronnie O'Sullivan loses to Ali Carter in heated second-round match
Hawkins was pegged back to 10-10 after losing a dramatic 20th frame on the black when China's Lyu required a snooker on the pink. Carter eventually went on to win the game 13-9, claiming his first ever victory over the five-time champion at the Crucible.

Has the United Kingdom economy stalled?
GDP growth was the slowest since the fourth quarter of 2012, with construction being the largest downward pull on GDP, falling by 3.3 percent.

Tiger Woods plans to play in Wells Fargo Championship next week
Tiger Woods has been confirmed to play in the Wells Fargo Championship and Players Championship next month, Sky Sports report. Woods won at Quail Hollow in 2007 but has not made the cut there since finishing fourth in 2009.

Latest