Published on Coral Reef Alliance (http://www.coral.org)
Bermuda: Coral Reefs Worth an Average of $722 Million Per Year

Source: The Bermuda Sun [1]
February 4, 2010

Bermuda - The Department of Conservation Services within the Ministry of the Environment and Sports today released a study on the Total Economic Value (TEV) of Bermuda's Coral Reefs which shows that the annual value of the coral reef ecosystem averages $722 million, potentially amounting to $1.1 billion per year.

Bermuda's coral reefs provide substantial economic benefits through coastal protection from storms and hurricanes as well as supporting both the tourism industry and commercial and recreational fisheries. In short they are a fundamental contributor to a quality of life envied worldwide.

The Total Economic Value for Bermuda's coral reefs represents on average 12% of Bermuda's Gross Domestic Product (GDP in 2007 was of US$5.85 billion).

To read the full text of the article, click here [2].

© 2010 The Coral Reef Alliance 351 California Street, Suite 650, San Francisco, CA 94104, USA, 1-888-CORAL-REEF info@coral.org
Source URL (retrieved on 02/09/2012 - 21:24): http://www.coral.org/node/4479

Links:
[1] http://www.bermudasun.bm/
[2] http://www.bermudasun.bm/main.asp?SectionID=24&SubSectionID=270&ArticleID=44552