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Loss of World's Seagrass Beds Seen Accelerating

A fishing boat is moored in waters near Nueva Valencia town, Guimaras Island, September 12, 2006. REUTERS/Leo Solinap

MIAMI - The world's seagrass meadows, a critical habitat for marine life and profit-maker for the fishing industry, are in decline due to coastal development and the losses are accelerating, according to a new study.

Billed as the first comprehensive global assessment of seagrass losses, the study found 58 percent of seagrass meadows are declining and the rate of annual loss has accelerated from about 1 percent per year before 1940 to 7 percent per year since 1990.