toggle menu
A humphead Maori wrasse (Cheilinus undulatus) on the Great Barrier Reef, Cairns © WWF / James Morgan

A humphead Maori wrasse (Cheilinus undulatus) on the Great Barrier Reef, Cairns © WWF / James Morgan

Private Reef funding should be coupled with significantly increased government investment and strong laws

16 Dec 2015

Keywords
  • climate change
  • great barrier reef

The Australian Government today released a prospectus, seeking sponsorship for conservation projects related to the Great Barrier Reef.
 
While no new money is being proposed beyond that already committed to by the Government, WWF-Australia welcomes the move as private sector investment is part of the solution for the future health of the Reef.
 
WWF-Australia spokesperson Sean Hoobin said it is well known that the Reef will need a much bigger investment, at least $ 2 billion more than current funding, if we want to achieve the shared goals in the Reef 2050 plan and fulfil our promises to the World Heritage Committee.
 
“At WWF, over the past 20 years we have helped leverage millions of dollars from the private sector and philanthropists who share our values and ambition for conservation across Australia and the region,” Mr Hoobin said.
 
“From experience, we have learnt that to ensure outcomes for the Reef, private money has to be put into programs that have clear milestones and scientifically measurable outcomes. 
 
“Privately funded projects should be chosen strategically, and be scalable, as part of a bigger picture which includes significantly increased government funding and strong laws.
 
“The Reef needs the same level of investment that was seen for the Murray-Darling Basin, the cost involved is in the billions, not millions. Given the Reef will earn $30 billion over the next five years alone, this would be an important investment in Australia’s future.”
 
WWF-Australia Media Contact:
Daniel Rockett, National Media Manager

Recommended reading

Rehabilitated green turtle swimming at Reef HQ Aquarium © WWF-Aus / Laurent Desarnaud

Species

Adopt a turtle

Your adoption of Hector the turtle will help WWF to protect marine turtles around Australia.

Read more

Massive school of silversides (Atherinomorus lacunosa) around the reef. Banda Neira, Indonesia © Jürgen Freund / WWF

Oceans

Oceans

Conservation of marine environment is very important as it feeds billions of people. WWF works for marine conservation, join us to be a part of WWF to ...

Read more

Get involved

Lights and Christmas tags

Sustainability

Christmas that doesn’t cost the Earth

Looking for a gift that gives back this Christmas?

Act now

Javan Rhinoceros © 2015 Stephen Belcher Photography All Rights Reserved

Species

Javan rhino appeal

Today, the last 67 Javan Rhinos face death from starvation. Help one of the most endangered animals in the world.

Please donate