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The cost of extreme weather in Australia has more than quadrupled since the 1970s, reaching $35 billion in the last decade, according to new research from the Climate Council. Extreme weather events caused by climate change, as well as the effects of sea-level rise, might cost Australia $100 billion per year by 2038.
More than 130 of Australia’s biggest companies have told the federal government a strategy to reach net zero by 2050 not only makes environmental sense but could grow jobs and the economy in the process.
Catastrophes like fires and floods could set the economy back more than $1.2tn by 2060, even if action is taken
40% of surveyed investors had portfolio-wide net zero by 2050 targets in 2021, up from 27% in 2020.
An investor group has doubled down on warnings the Australian economy could be left behind as the world tackles greenhouse gas emissions.