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Tag archives for Australian Institute of Marine Science

Reef Sharks Generate Millions of Tourist Dollars for Palau

Forget about the spurious benefits of eating shark fin soup, a traditional Chinese delicacy that is said to be responsible for the needless destruction of some 73 million sharks a year. In Palau, the first country in the world to proclaim a shark sanctuary, the sharks that frequent the Pacific island country’s reefs generate enormous financial benefits. Each reef shark may contribute benefits worth U.S.$2 million over its lifetime.