Importance of Reefs

“hey occupy only .2% of the ocean, yet are home to a quarter of all marine species: crustaceans, reptiles, seaweeds, bacteria, fungi, and over 4000 species of fish make their home in coral reefs. With an annual global economic value of $375 billion, coral reefs provide food and resources for over 500 million people in 94 countries and territories.If we reach 450 parts per million of C02 in the atmosphere (as of 2010, we were at 388 ppm) ocean temperatures will rise 2˚ C, calcium carbonate levels in the oceans will decrease, and we will largely destroy all our coral reefs. Coral reefs provide us with food, construction materials (limestone) and new medicines—more than half of new cancer drug research is focused on marine organisms. They offer shoreline protection and maintain water quality. And they are a draw for tourists, sometimes providing up to 80% of a country’s total income. Losing the coral reefs would have profound social and economic impacts on many countries, especially small island nations like Haiti, Fiji, Indonesia, and the Philippines that depend on coral reefs for their livelihoods.” Source: http://blogs.ei.columbia.edu/2011/06/13/losing-our-coral-reefs/