Climate Disruption Triples Economic Costs, Straining National Resources
What happened
The economic cost of extreme weather has more than tripled over the last three decades. Australia's first National Climate Risk Assessment rated the current risk to national security as high, projecting it could become very high to severe by 2050. This compounding impact is expected to stretch national resources and funding to their limits.
From canberratimes.com.au
Why it matters
The financial picture suggests Commonwealth disaster recovery spending could increase by 500 to 600 per cent by 2090. Furthermore, the number of uninsured Australian houses is projected to rise from one in seven today to one in four by 2050.
From canberratimes.com.au
Who's involved
- CommonwealthSubject of the National Climate Risk Assessment and disaster recovery spending
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- QueenslandSpeculative
Queensland might face increased costs for state resources and funding access due to extreme weather.
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.- Climate disruption may strain Jamaica's national resources and economyClimate disruption may strain Jamaica's national resources and economyPossible
- Climate disruption may strain Queensland's resources and budgetsQueensland may face increased costs and strained resources from climate disruption.Possible