The indirect effects of climate change can be more disruptive to a business than direct impacts on its facilities, according to climate risk expert Karl Mallon.
South Australia's EPA will use its environmental licensing powers to ensure businesses properly consider climate risks, says the state government's new five-year climate action plan.
Leading Australian banks, insurers and asset owners, in conjunction with climate scientists, have developed new guidelines on assessing physical climate risk and disclosing its financial impact.
Victoria needs tougher interim emissions reduction targets than those recommended by the state government's advisory panel, according to the City of Melbourne.
Labor and the Greens have called for coastal retreat strategies, post-construction risk reviews of infrastructure, and liability exemptions for councils, in a new Senate climate change report.
Institutional investors, councils and asset owners are exploring new ways to finance the task of ensuring infrastructure and property can withstand extreme weather, says Emma Herd of the Investor Group on Climate Change.