” In the midst of harsh cuts to Great Barrier Reef management and research, including cuts to the Great Barrier Reef Marine Park Authority and the Australian Institute of Marine Science, the Department of Environment has proposed a new A$40 million Reef Trust.
While the Reef Trust will not compensate the loss of programs, it is a step in the right direction. But it still needs work on its structure and focus. The government released a discussion paper on the trust, which is open for comment until today.
The Reef Trust will be jointly managed by the Department of the Environment and Queensland, with “advice” from the Great Barrier Reef Marine Park Authority, the Australian Institute of Marine Science, and “other agencies.” While the trust does not compensate for the cuts, because it will not fund the staff or the projects that are being cut, it could represent one part of a good finance strategy for the Great Barrier Reef, with a few improvements. […] “