Climate change Threat to Australian Security, Economy: Report

Xinhua/APP

Canberra: Rising global temperatures pose a significant threat to healthcare, security, infrastructure, and finance, an Australian government report has warned.

The federal government published its first National Climate Risk Assessment on Tuesday, identifying 56 nationally significant climate risks facing Australia, including 11 priority risk areas ranging from water resources to economic resilience.

It predicts that climate change could undermine Australia’s economy, trade, and financial systems, stretch the resources of defense forces and emergency services, and confront hospitals and health professionals with new communicable diseases.

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Under a plausible worst-case scenario, the report said, insurers and banks could withdraw services from communities vulnerable to extreme weather events, causing a cascading effect on infrastructure and the built environment.

Releasing the report, Assistant Climate Change and Energy Minister Jenny McAllister said the government would undertake a more detailed analysis of the 11 priority risks that will be released by the end of 2024.