How mangroves save Australians billions of dollars every year
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Mangroves are protecting about 175,000 Australians from the impacts of natural disasters according to data released by the Australian Bureau of Statistics.
The ABS has just released experimental information on some of the benefits Australia’s oceans provide for the first time and have revealed that mangroves protect about 30 percent of Australia’s coastline, amounting to 85,000 homes around the country, from the ravages of floods and storms.
The National Ocean Account revealed that there was more than one million hectares of mangrove forests and up to three million hectares of seagrass meadows in 2021.
Director of Environment and Satellite Accounts, Jonathan Khoo, said without the benefits that mangroves offer, the cost of protecting the 18,0000km coastline that they cover would be considerable.
“Using means other than mangroves to protect 85,000 homes could cost the community over $200 billion up front and up to $8 billion annually,” said Mr Khoo.
The National Ocean Ecosystem Account is a joint project between the ABS and the Department of Climate Change, Energy, the Environment and Water.
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The nearly 10,000-square-foot home stands right at the entrance to the Amazon billionaire’s grand, $165 million estate.
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A home that’s right at the entrance to Jeff Bezos’s Beverly HIlls estate, which the billionaire purchased for $165 million in 2020, is now on the market asking $19.8 million.
Shaded by mature olive trees, the three-story modern mansion on Angelo Drive spans nearly 10,000 square feet, and includes five bedrooms, a bar and lounge, a home cinema, a pool with floating benches, and a 15-car garage.
The modern home centers around a striking wood staircase that extends through all three floors, creating an eye-shaped spiral.
Other design choices include a full-height black marble fireplace, herringbone wood flooring, grayscale marble backsplashes in the kitchen and bathroom, banks of floor-to-ceiling windows and a seating area in the middle of the pool.
There is also an outdoor kitchen and eating area poolside, and a living space with sliding doors that open directly onto the pool deck, for indoor/outdoor living.
The home was built in 2021 and designed by Gabbay Architects for the owner, who purchased the underlying property for $4.1 million in 2015, according to property records accessed through PropertyShark.
The seller, who runs a Beverly Hills-based plastic surgery practice, could not immediately be reached for comment.
The Benedict Canyon house came to market Friday with Tomer Fridman of Christie’s International Real Estate. He could not immediately be reached for comment.
The Bezos estate is also known as the Warner Estate, named after its first owner, Hollywood mogul Jack Warner of the Warner Bros.
After Warner, the 9-acre estate was owned by music executive and film producer David Geffen, followed by Bezos. The property includes a palatial Gregorian Revival mansion built in 1939 and designed by architect Florence Yoch to befit the status of one of the most powerful men in Hollywood.
At $19.8 million, the new listing offers quite a deal compared to other properties neighbouring Bezos. In Florida, the owner of a vacant lot next door to the Amazon founder’s estate on Indian Creek Island is asking $150 million for it.
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