One bln AUD needed annually to save Australian wildlife
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Environmentalists said more than one billion Australian dollars (0.93 billion U.S. dollars) a year is needed to save Australia's wildlife from the effects of climate change, the Australian Associated Press reports on Friday.
The Australian Conservation Foundation called on the Australian government to establish a special fund to halt the decline in Australia's biodiversity.
"Close to half of all mammal extinctions in the last 200 years have occurred in Australia," the foundation's Amy Hankinson said in a statement on Friday.
"Currently less than half a billion each year is allocated to environmental management, by contrast over 5 billion dollars (4.63 billion U.S. dollars) is provided each year in fossil fuel subsidies." Hankinson added.
The foundation urged to set up a special fund of more than one billion Australian dollars (0.93 billion U.S. dollars) a year to save Australia's wildlife.
Australia was one of just 17 countries that collectively supports about 70 percent of the world's species, Hankinson said. A government report on biodiversity and climate change last year found Australia was pushing the limits of its "natural life support system."
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