($92.7 million over 8 years 2022-23 to 2029-30)
Supporting the Great Barrier Reef to adapt to a changing climate
Australia’s Reef restoration and adaptation interventions are at the cutting edge of global efforts to help coral reefs adapt to climate change. Accelerating the development and implementation of Reef restoration and adaptation interventions help create opportunities for recovery of the Reef by adding new levels of coral resilience and buying time for Reef survival.
The Australian Government, through the Reef Trust Partnership, has supported reef adaptation and restoration through existing funding of $100 million for research and development (with a further $50 million contributed through research partners) for the initial research and development phase of the innovative and ground-breaking Reef Restoration and Adaptation Program (RRAP).
Funding the deployment of advanced reef scale interventions and attracting greater private sector investment in restoration and adaptation
This new funding will support advanced research and development and deployment of interventions to help the Reef adapt and remain resilient to climate change by investing $85.0 million over 8 years (from 2022-23 to 2029-30). This funding has two main components, which will:
- build on the progress already made under RRAP to accelerate research and development and the deployment of interventions at scale. Some of the approaches being investigated include:
- seeding reefs with coral larvae that are more resilient to warmer waters
- marine cloud brightening – the process of making larger and more reflective clouds over the ocean to cool the water underneath.
- identify innovative financing opportunities to attract greater private sector investment in reef restoration and adaptation activities.
Implementation will leverage the existing Partnership model under RRAP and existing work to explore market-based initiatives in the Environment and Agriculture portfolios.
A new investment priority under the Reef 2050 Plan
The updated Reef 2050 Long-Term Sustainability Plan commits to research, development and implementation of new interventions that will support key habitats and species, including active rehabilitation of habitats and helping coral reefs to adapt to rising ocean temperatures. It also lists Reef restoration and adaptation as an investment priority, one of three new priorities since the initial Reef 2050 Investment framework was published in 2016.