<
https://theconversation.com/new-climate-report-warns-property-prices-face-a-611-billion-hit-what-does-that-mean-265284>
"Climate risks are hitting where Australians feel it most: at home.
One of the headline-grabbing figures in a new climate risk assessment was that
Australian property values could take a A$611 billion hit by 2050, under a 3°C
warming scenario.
That level of warming is something Australia needs plan for. As a new
National
Adaptation Plan, also released yesterday, said:
it is prudent to plan for global warming levels of 2°C to 3°C by the end of
this century, with temperatures in Australia likely to track higher than the
global average.
But what does that $611 billion hit to property values actually mean? And what
more can we do to better protect our homes – including 1.5 million of them
already at high or very high risk today?"
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
