Climate Change and Australia's Flood Risk
A report by the Climate Council reveals that climate change could worsen Australia's $42 billion flood risk.
According to the analysis, more than two million batteries can be added at a household level, which would collectively save Australians over $4 billion a year on their power bills.
Climate pollution is endangering our homes, and risking the biggest asset of many Australians.
The report, which analyzes over 20 years of historical property data alongside flood risk, finds that flood-prone homes in Australia are worth $42.2 billion less than they could have been without the risk of flood.
Climate pollution from coal, oil, and gas is trapping heat, leading to more evaporation and an atmosphere that holds more moisture, resulting in increased flood risk in Australia.
Author's summary: Climate change threatens Australian property values.