Losing $100M a year
What have the Philippines and neighboring countries lost on account of the reclamation of the Chinese? As of the end of March, the approximate amount was a whopping $100 million per year, so far, in terms of ecosystem services to us and our neighbors, indeed, for all of humanity. And what are the Chinese offering in return?
From a more practical standpoint, the destruction of these support ecosystems will adversely affect the fisheries of all the nations fishing in the South China Sea. This large marine system’s importance cannot be overemphasized. It is a major fishing region of the world and for the Philippines. Time was when as much as 25 percent of our marine fisheries production came from this region. This has now been compromised and may continue to decline if Chinese destructive and aggressive activities continue.
Read more: http://opinion.inquirer.net/84595/destroyed-reefs-vanishing-giant-clams#ixzz4D8gWd1SK