Ross Garnaut's 2008 climate change prediction
Posted 10 Jan 2020 10:00AM
Ross Garnaut's climate change prediction is coming true and it's going to cost Australia billions, experts warn.
Twelve years ago, economist Ross Garnaut made a prophecy that has devastatingly come true.
In the 2008 Garnaut Climate Change Review, which examined the scientific evidence around the impacts of climate change on Australia and its economy, he predicted that without adequate action, the nation would face a more frequent and intense fire season by 2020.
Speaking to the ABC about the latest bushfires and the potential economic fallout, Professor Garnaut refrained from taking a direct shot at policymakers who ignored many of the review's calls for action.
But he noted: "If you ignore the science when you build a bridge, the bridge falls down."
• The insurance damage bill from the bushfires that began in September has risen to $700 million
• Conservative estimates put the final cost well into the billions of dollars
• Australia's tourism industry could suffer, health costs could spike and there are warnings about more climate-related litigation
Read more from ABC Business Reporter, Nassim Khadim 8 January 2020 - CLICK HERE