Arab Today, arab today groundwater contributes 66bn to australian economy
Last Updated : GMT 12:14:46
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.

arabstoday
arabstoday

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

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 Designer prepared new set of ornaments

GMT 02:45 2017 Wednesday ,28 June

Designer prepared new set of ornaments
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today

GMT 08:23 2017 Saturday ,24 June

Actress Feryal Yussef received new drama offers

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new 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