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Australian investors want bankable projects to help adapt to climate change

22 Sep 2016, Conversation Media Group, the

In Australia, the economic cost of natural disasters exceeded A$9 billion last year alone. It is forecast to rise to A$33 billion per year by 2050 - according to conservative calculations - but the government at all levels will not be able to pay for adaptation. Therefore, there is a need to review how best to promote adaptation as an opportunity for the finance sector.