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A Cost-Benefit Analysis Of Preserving The Great Barrier Reef, Taylor Cox

Honors Theses

This paper investigates both the economic benefits and costs of protecting Australia’s Great Barrier Reef (GBR). The benefits associated with the Reef come from a 2016 Deloitte Touche Tohmatsu Limited report and quantifies direct economic contributions, nonuse values, and a social, economic, and icon value. The costs of protecting the Reef come from a collection of sources, including the Reef 2050 Long-Term Sustainability Plan, “The Cost and Feasibility of Marine Coastal Restoration”, and a number of annual reports from governmental and non-governmental organizations. By analyzing these documents, the net benefits were calculated. The Great Barrier Reef contributes $6.4 billion to …