The Japan Times - Australia pumps cash into Great Barrier Reef protection

EUR -
AED 4.246429
AFN 76.887634
ALL 93.189144
AMD 423.342651
AOA 1060.176801
ARS 1724.882575
AUD 1.635501
AWG 2.082489
AZN 1.97002
BAM 1.961391
BBD 2.328337
BDT 143.102254
BHD 0.435984
BIF 3453.955207
BMD 1.156136
BND 1.481323
BOB 13.739522
BRL 5.893522
BSD 1.155995
BTN 110.001186
BWP 15.603479
BYN 3.442212
BYR 22660.258427
BZD 2.324897
CAD 1.613446
CDF 2615.761404
CHF 0.934267
CLF 0.026749
CLP 1056.199727
CNY 7.801146
CNH 7.796152
COP 3650.105178
CRC 525.509359
CUC 1.156136
CUP 30.637594
CVE 110.646682
CZK 24.258158
DJF 205.46888
DKK 7.477932
DOP 67.345355
DZD 153.694406
EGP 57.293288
ERN 17.342035
ETB 184.982115
FJD 2.55395
FKP 0.859288
GBP 0.856968
GEL 3.017966
GGP 0.859288
GHS 13.596606
GIP 0.859288
GMD 84.980421
GNF 10145.090599
GTQ 8.820142
GYD 241.849406
HKD 9.067746
HNL 31.077375
HRK 7.536506
HTG 151.150865
HUF 363.096405
IDR 20580.370421
ILS 3.468234
IMP 0.859288
INR 109.992259
IQD 1515.115748
IRR 1590322.371805
ISK 142.598215
JEP 0.859288
JMD 183.583315
JOD 0.819746
JPY 182.445186
KES 148.887592
KGS 101.104505
KHR 4685.244046
KMF 492.514185
KRW 1627.712241
KWD 0.356865
KYD 0.963346
KZT 541.784389
LAK 26108.437325
LBP 103531.946431
LKR 387.745291
LRD 209.896866
LSL 18.648909
LTL 3.413768
LVL 0.699335
LYD 7.358849
MAD 10.757887
MDL 20.102303
MGA 4982.944983
MKD 61.70777
MMK 2427.367709
MNT 4157.510076
MOP 9.34149
MRU 46.349915
MUR 54.396619
MVR 17.862733
MWK 2008.207995
MXN 19.811776
MYR 4.728715
MZN 73.882892
NAD 18.78764
NGN 1577.963717
NIO 42.540713
NOK 10.99759
NPR 176.001898
NZD 1.961547
OMR 0.442559
PAB 1.15598
PEN 3.913564
PGK 5.112721
PHP 70.183258
PKR 321.178758
PLN 4.299905
PYG 6873.802279
QAR 4.213541
RON 5.244583
RSD 117.953626
RUB 94.679224
RWF 1693.738704
SAR 4.370455
SBD 9.325039
SCR 16.735107
SDG 694.263698
SEK 10.961095
SGD 1.477777
SLE 28.445176
SOS 694.263682
SRD 43.778814
STD 23929.673396
STN 24.712399
SVC 10.11514
SZL 18.781467
THB 38.164464
TJS 10.664099
TMT 4.058036
TND 3.366711
TRY 55.146402
TTD 7.835505
TWD 37.286072
TZS 3060.872603
UAH 51.775757
UGX 4306.406038
USD 1.156136
UYU 46.534057
UZS 13815.821213
VES 873.763846
VND 30295.956222
VUV 137.592149
WST 3.154418
XAF 657.83219
XAG 0.018216
XAU 0.000266
XCD 3.124515
XCG 2.083439
XDR 0.818768
XOF 656.685424
XPF 119.331742
YER 275.626884
ZAR 18.667336
ZMK 10406.612213
ZMW 21.818913
ZWL 372.275202
  • CMSC

    0.0240

    21.744

    +0.11%

  • CMSD

    -0.1600

    21.82

    -0.73%

  • JRI

    0.1500

    12.81

    +1.17%

  • RIO

    1.4500

    101.1

    +1.43%

  • NGG

    0.4700

    80.88

    +0.58%

  • BTI

    0.6000

    59.33

    +1.01%

  • RBGPF

    0.6500

    70.6

    +0.92%

  • GSK

    0.7900

    52.96

    +1.49%

  • BCC

    2.3400

    86.6

    +2.7%

  • BCE

    -0.0200

    22.75

    -0.09%

  • RYCEF

    0.0500

    21

    +0.24%

  • AZN

    1.4100

    161.42

    +0.87%

  • RELX

    0.0485

    35.52

    +0.14%

  • VOD

    0.1900

    16.19

    +1.17%

  • BP

    -0.6000

    41.63

    -1.44%

Australia pumps cash into Great Barrier Reef protection
Australia pumps cash into Great Barrier Reef protection

Australia pumps cash into Great Barrier Reef protection

Australia unveiled a billion-dollar package to protect the climate-ravaged Great Barrier Reef on Friday, hoping to prevent the vast network of corals from being removed from UNESCO's World Heritage list.

Text size:

Conservative prime minister Scott Morrison announced the Aus$1 billion (US$700 million) nine-year plan months after narrowly avoiding the reef being placed on UNESCO's "in danger" list.

"We are backing the health of the reef and the economic future of tourism operators, hospitality providers and Queensland communities that are at the heart of the reef economy," Morrison said.

The move comes ahead of a general election expected in May, when Morrison will have to win key Queensland seats near the reef to remain in power.

When the UN previously threatened to downgrade the reef's World Heritage listing in 2015, Australia created a "Reef 2050" plan and poured billions of dollars into protection.

The measures are believed to have arrested the pace of decline, but much of the world's largest reef system has already been damaged.

A recent study found bleaching had affected 98 percent of the reef since 1998, leaving just a fraction of it untouched.

The Morrison government's support for coal and reluctance to tackle climate change has seen the party bleed support in major cities and prompted the emergence of a string of electoral challenges from climate-focused independents.

Australians are overwhelmingly in favour of action to limit climate change, having experienced a string of warming-worsened disasters from bushfires to droughts and floods.

A 2021 poll by Sydney's Lowy Institute found 60 percent of Australians believed "global warming is a serious and pressing problem."

Eight in ten Australians supported a net-zero emissions target by 2050, which the government reluctantly adopted ahead of a landmark United Nations climate summit in Glasgow, Scotland last year.

One of the world's biggest exporters of coal and gas, Australia's economy is heavily reliant on fossil fuels. Its political parties also receive significant funds from coal and gas-linked donors.

M.Yamazaki--JT