Physical risks of climate change on industries around the Reef
Commercial fishing and aquaculture are important industries, with the total value of revenue from all commercial fishing in the Reef being around AUD 199 million in 2015-16. The total value of commercial fishing and aquaculture associated with the Reef in 2015-16 is estimated to contribute around AUD 162 million to the Australian economy. 37 Damage to the Reef from loss of biodiversity and numbers of fish stocks and other marine wildlife would impact on the future of this industry.
Recreational activities in the reef catchment can be classified into fishing, boating, sailing, and visiting an island. Activities are only classified as “recreation” when they are undertaken by locals. 38 The total value of recreational activity associated with the Reef in 2015-16 was estimated to contribute around AUD 346 million to the Australian economy. 39
37 https://www2.deloitte.com/content/dam/Deloitte/au/Documents/Economics/deloitte-au-economics-great-barrier- reef-230617.pdf 38 https://www.environment.gov.au/system/files/resources/a3ef2e3f-37fc-4c6f-ab1b-3b54ffc3f449/files/gbr-economic- contribution.pdf 39 https://www2.deloitte.com/content/dam/Deloitte/au/Documents/Economics/deloitte-au-economics-great-barrier- reef-230617.pdf
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