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More than $31 billion of Commonwealth Bank home loans are in areas exposed to increasing extreme weather events and another $14 billion in mortgages are in communities economically reliant on demand for coal, climate analysis has found.
The NSW government will push to establish the state as a world leader in bushfire research, with close to $30 million set aside for the new project in next week’s budget.
The Australian bushfire crisis suggests disaster management should now be a national security issue, as the fires threaten normal life across the country.
Against calls to invest in climate mitigation, federal government steps up plans for a controversial scheme to subsidizing cyclone insurance across northern Australia.
Moody's warns that an increase in natural hazards across Australia could disrupt economic activity, reducing borrowers' incomes and triggering mortgage delinquencies and losses.
The Queensland state government has released a flood-resilient building guide and a new Brisbane River Strategic Floodplain Management Plan. The plan makes a series of suggestions for flood risk reduction, including raising and wet-proofing homes and implementing temporary flood barriers.
A new report reveals that water flows in the Murray Darling river system have failed to improve under an AUD 13 billion rescue plan and, in some cases, have become worse. The research indicates that the Murray-Darling Basin Plan is floundering, which is due to state governments in New South Wales and Victoria failing to deliver on water flow promises.
Experts say Sydney tends to flood easily because of the difficulty of incorporating coping mechanisms into a rapidly changing city that is old in parts and not always built with extreme weather in mind. To improve infrastructural resilience, experts are calling for water dispersion and long-term coping measures.
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