Wednesday, June 17, 2015

Climate change costs in Australia are rising fast

Variety of climatic conditions in Australia’s puts it particularly at risk to economic, physical and social loss when it comes to extreme events – droughts, floods, storms and extreme temperatures.
 According to The International Disaster Database number of natural disasters raised significantly after 1960 and majority of them are ‘hydro-meteorological’ or weather and climate related.  Australian scientists say that  all evidence suggests that the current trend of increasing disaster costs will continue into the future with a direct impact on country’s expenditure. In particular, only the cost to replace buildings exposed to extreme weather could cost Australia more than AUD$1 trillion.