how do we value coral?

Corals Are A CRITCAL ECOSYSTEM

HOW WE GROW NEW CORAL REEFS?

OUR CLIENT SECTOR BASE

HOW DO WE VALUE CORAL?

ASPIRATIONAL CORAL CREDITS

IT IS DIFFICULT TO PUT A PRICE ON AN IRREPLACEABLE ECOSYSTEM, BUT WE WILL HAVE A GO!

WHY INVEST IN CORAL

Coral reefs have a global economic value of $375 billion per year.

 

Coral Credit Certified – Aligning your Business

An important aspect of our added value undertaking, is the opportunity it gives for informed companies and corporates to align their operations and brands with an environmentally and socially responsible program.

  • Responsible ports can participate when 1 CORAL CREDIT is purchased for each ship movement. They can accumulate CREDITS for trade or for future use.
  • Cruise ship operators can participate by adding 1/10th of a CORAL CREDIT to every passenger booking.
  • Small business owners and operators (such as tourism, boating, fishing, diving) who base their ventures on the oceans can participate by adding 1/10th of a
          CORAL CREDIT to every booking.
  • Corporates (such as sunscreen brands) can align themselves in support of coral and market a contribution from every sale.
  • Friends and participants who enjoy the ocean can make voluntary contributions or operate social awareness and fundraising drives.

By way of example, during the construction of the Gorgon Gas Project, Chevron Corporation received permission to kill and not replace 3% of all the coral on the east side of Barrow Island.


The proponents of the Anketell Port Development have been granted permission to destroy 16-hectares of coral in the creation of this port. Coral Futures Corporation’s proposed coral farm will be a long-term replacement of the lost coral infrastructure.


Companies can proudly share this information with the public though Coral Certified Credits.

Coral Cover against Coral Collateral

We’ve taken a look back over some of the actions brought against companies for damaging a coral reef. What follows gives a snapshot of how coral is valued as a transaction in these events:

MINIMUM SCENARIO

The ‘minimum scenario’ outcomes of several compensation claim cases for damages against perpetrators appears to be in the order of (USD) $800 – $1,200 per sqm.

ESTABLISHED VALUE

The ‘minimum scenario’ outcomes of several compensation claim cases for damages against perpetrators appears to be in the order of (USD) $800 – $1,200 per sqm.

PENALTIES

Penalties are generally INCREASED if incidents occur within a specified Marine Environment or Sanctuary, if there are aggravating circumstances, or if violations are repeated.

LEGAL PAYMENTS

A payment of $7,490 per sqm was successfully brought against a shipping company in the USA for damage to the Florida Keys Marine Park.

COMPENSATION

Compensation of $2,038 per sqm was ordered against a vessel that damaged the reef system when it grounded in Indonesian waters off Central Java.

GUARD AGAINST ACTIONS SUCH AS THESE BY TAKING A PROACTIVE AND ETHICAL APPROACH TO THE CARE OF OUR OCEANS AND COASTAL ECOSYSTEMS.

EMAIL SUCCESSFULLY SENT.