'Plunder or protect'

WWF Australia is calling for the entire Coral Sea region to be declared a marine protected area. The campaigners are using economics-based arguments:

The resident population of sharks at Osprey Reef, the main dive site in the Coral Sea, is 40 animals, making each shark worth over $250,000 per year. When you compare this figure to $62.50 - the asking price for shark catch by local fisheries, it is more than evident Australian reef sharks are more valuable alive than dead.

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