Australia must prepare now for climate-related disasters or pay more later, insurance regulator says | Australian economy | The Guardian

The cost of responding to bushfires, storms and cyclones after the fact is likely to be 11 times greater, Apra warns
— Read on www.theguardian.com/business/2020/oct/14/australia-must-prepare-now-for-climate-related-disasters-or-pay-more-later-insurance-regulator-says

in response and recovery costs, he said covering those losses would require the community to invest about $3.5bn a year to prevent the worst impacts. “That’s an enormous sum, but it’s much smaller than the $39bn cost,” he said.

About groundswellbasscoast

This is on behalf of local climate change group. Material is selected by Bernie McComb and does not necessarily represent opinion of whole group.
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