Economic benefits

Reef 2050 Integrated Monitoring and Reporting Program Strategy flip book icon

Monitoring economic benefits of the Reef 2050 Plan

The Reef 2050 Integrated Monitoring and Reporting Program covers the Great Barrier Reef World Heritage Area and adjacent catchment monitoring programs.

This coordinated and integrated monitoring, modelling and reporting framework will help track the progress of the Reef 2050 Plan, under the plan’s seven themes: ecosystem health, biodiversity, heritage, water quality, community benefits, economic benefits, and governance.

Economic benefits

The Great Barrier Reef is a critical economic asset, providing income and jobs for the community. Reef-dependent industries and Reef-associated industries support diverse and sustainable communities. These industries and communities need to be able to continue to prosper, while ensuring protection of the Reef’s Outstanding Universal Value.

Actions and targets

The Reef 2050 Plan’s economic benefits theme focuses on improving and maintaining the ecological, social and economic sustainability of Reef-dependent and Reef-associated industries.

This recognises a partnership involving regional and Indigenous communities, government and industry can ensure development pressures are addressed in an effective and positive way.

Addressing the interplay between environmental, social and economic factors — through improved planning and decision making and an outcomes-focused approach — will contribute to sustainable communities, a healthy environment and protect the Reef’s Outstanding Universal Value.

Investment in Reef health is an investment in ensuring ongoing economic benefits and community wellbeing.

Throughout the Reef 2050 Plan, actions and targets under other themes also have flow-on economic benefits.

Many of the actions listed under other themes consider economic benefits and are not repeated here.

Monitoring economic benefits

The below diagram shows the natural values that link to outcomes, objectives and targets from the Reef 2050 Plan for economic benefitsand what attributes of these natural values need to be monitored to evaluate progress towards these targets. The spreadsheet in Excel shows what monitoring is currently undertaken for this theme.


A diagram showing the natural values that link to Ecosystem Health outcomes, objectives and targets from the Reef 2050 Plan, and what attributes of these natural values need to be monitored to evaluate progress towards these targets