Bleached Coral with NO Bio Diversity
Ocean acidification is set to cost us $1 trillion by 2100 as it eats away at our tropical coral reefs.
That’s the warning from a report released today by the United Nations Convention on Biological Diversity, which assesses the economic impacts the problem could have.
"Climate change is beginning to creep up in terms of causes," Moore said. "The indications are that bleaching events will become more frequent and more severe due to climate change."
The plan puts a price tag of $254,540,000 for recovery but admits it is "an extreme underestimate," considering what other countries in the Caribbean also would have to spend.
Among the costs: basic research on their genetics, physiology and resistance to disease ($9.6 million), increasing land-based nurseries ($10 million per year), restocking sea urchins that clear algae from corals ($5 million) and improving sewage treatment in the U.S. and Caribbean ($10 million-$20 million).
No one expects this amount of money to be spent. The federal government this year has budgeted $500,000 to $800,000 for protecting coral, but Moore said not all the money would come from the federal government.
Coral grows extremely slowly, and some of the living coral reef structures off southeast Florida are hundreds of years old.
"The recovery team estimated that it will take approximately 400 years to achieve recovery based on the significant mitigative actions identified in this plan," the plan states.