This report estimates the economic contribution of the Great Barrier Reef in 2023–24 and estimates the future economic dividend to the Great Barrier Reef region from limiting climate change and adaptation actions. It values the reef at $95 billion across economic, social and cultural dimensions; contributing $9 billion to Australia’s economy each year.

Australia, along with the entire world, faces the tremendous challenge of climate change over the coming decades. Along with its impacts on a wide variety of global ecosystems, climate change has the potential to have long-term impacts on Australia’s Great Barrier Reef (GBR). Among the most serious of these are the phenomenon of coral bleaching...