While one response to watching this video might be 'why does everything have to be reduced to money terms', the capacity to impute value to natural resources such as the Great Barrier Reef to argue for sustainability can and should be important in influencing decision making. It is significant that funding has been made available to Deloitte to enable them to draw upon their skill sets to undertake and disseminate this analysis.
The Guardian has published article about and a 'letter' in the opinion section taking a counter view h -'The Guardian view on pricing the Great Barrier Reef a dangerous absurdity'. Another thought provoking counter view expressed by concerned activists - what if the amount hadn't been as significant as it was; if the full range of opportunity costs (value of opportunities lost) hadn't been included; if some -, perhaps many, are extremely difficult to value in money terms - would this have meant that the Great Barrier Reef would have been considered less worth saving?
Bev Lee
The Guardian has published article about and a 'letter' in the opinion section taking a counter view h -'The Guardian view on pricing the Great Barrier Reef a dangerous absurdity'. Another thought provoking counter view expressed by concerned activists - what if the amount hadn't been as significant as it was; if the full range of opportunity costs (value of opportunities lost) hadn't been included; if some -, perhaps many, are extremely difficult to value in money terms - would this have meant that the Great Barrier Reef would have been considered less worth saving?
Bev Lee