Arab Today, arab today groundwater contributes 66bn to australian economy
Last Updated : GMT 12:41:22
Arab Today, arab today
Arab Today, arab today

Groundwater contributes $6.6bn to Australian economy

Arab Today, arab today

Arab Today, arab today Groundwater contributes $6.6bn to Australian economy

Sydney - XINHUA

Australia\'s groundwater directly contributes 6.8 billion AU dollars (6.6 billion U.S. dollars) to the country\'s economy each year, a new study by Deloitte Access Economics revealed on Monday. A report, commissioned by the National Center for Groundwater Research and Training (NCGRT), shows for the first time the role groundwater plays in the country\'s economy. According to the NCGR, the Deloitte Access Economics study is the first attempt ever made to quantify the value of Australia\'s groundwater. The study also found Australia\'s groundwater supports industry worth 34 billion AU dollars a year from mining, food production and manufacturing. Current average annual groundwater use in Australia is about 3, 500 gigalitres (GL). \"Increasing surface water scarcity in Australia in recent years has seen a growing reliance on groundwater use,\" the report said. \"Despite the growing importance of groundwater use, there is a lack of understanding of its economic value and how dependent our nation is on groundwater.\" NCGRT director, Professor Craig Simmons said some countries have overestimated their groundwater reserves and are mining them unsustainably. \"Major economies including China, India, the U.S. and Middle Eastern countries face critical groundwater scarcities which may imperil their future growth,\" he said. He believes groundwater will play a larger role in the Australian economy in the next few decades than it does now. \"It is currently directly valued at about 7 billion AU dollars a year, however it could easily contribute significantly more to the Australian economy in the future,\" he added.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today groundwater contributes 66bn to australian economy Arab Today, arab today groundwater contributes 66bn to australian economy

 



Arab Today, arab today
Arab Today, arab today Heart of Turkish Riviera is Alluring Seaside Escape

GMT 11:11 2017 Tuesday ,28 March

Heart of Turkish Riviera is Alluring Seaside Escape
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Turkey says ends its military operation

GMT 07:53 2017 Thursday ,30 March

Turkey says ends its military operation
Arab Today, arab today Media host gives priority to problems of people

GMT 07:00 2017 Tuesday ,28 March

Media host gives priority to problems of people
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Disaster costs nearly double to $175bn

GMT 10:42 2017 Tuesday ,28 March

Disaster costs nearly double to $175bn
Arab Today, arab today Campaign fights sexual harassment in Egypt

GMT 11:14 2017 Tuesday ,28 March

Campaign fights sexual harassment in Egypt
Arab Today, arab today 'Underwater wasteland' worries

GMT 10:32 2017 Thursday ,30 March

'Underwater wasteland' worries
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Mercedes, VW recall million vehicles in China

GMT 09:16 2017 Wednesday ,29 March

Mercedes, VW recall million vehicles in China
Arab Today, arab today Uber grounds self-driving cars

GMT 09:11 2017 Monday ,27 March

Uber grounds self-driving cars
Arab Today, arab today Trump moves to roll back Obama climate measures

GMT 08:39 2017 Wednesday ,29 March

Trump moves to roll back Obama climate measures

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 09:28 2017 Tuesday ,28 March

Trump poised to roll back climate protections

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 07:50 2017 Thursday ,30 March

Breaking trans barriers one barbell

GMT 09:02 2017 Thursday ,23 March

Laptop ban sparks ire

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday