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Australian coastal property sea-level risk study

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    $855 Billion and Nowhere to Claim: The Sea Is Coming for 267,000 Australian Homes

    A first national assessment puts 267,000 homes and two million hectares at risk by 2100 — and standard policies exclude the sea that takes them.

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    ABC News (Australia)

    • 267,000coastal properties damaged or lost
    • $855Bnational cost by 2100
    • 2M hectaresland at risk nationwide
    • More than 267,000 properties and about two million hectares exposed this century at about $855 billion by 2100.
    • First national assessment across 1,156 sub-regions under an intermediate 2.7-degree path, published September 9.
    • No public property-level map of which 267,000 homes go first, or in which decade the losses accelerate.
    • No settled mechanism for who funds managed retreat, buybacks, or uninsurable erosion.
    • Whether Treasury's standard-cover review ever prescribes cover for coastal inundation and erosion.
    • Whether adaptation funding moves from sand replenishment to retreat, planning and building-code reform.

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Persone

  • R. Quentin Graftoneconomist (Australian National University)
  • Tom Kompasresearcher

Luoghi

  • Australia
  • Gold Coast
  • Northern Territory
  • Queensland
  • Western Australia