Australia, renowned for its unique ecosystems and biodiversity, is increasingly feeling the impacts of damage and disruption from bushfires to floods to water shortages.
Recent years have seen a series of severe natural hazards in Australia, including the catastrophic Black Summer bushfires of 2019–20, severe flooding in 2022 in Queensland and New South Wales and another serious marine heatwave causing the fifth mass coral bleaching event since 2016 in the Great Barrier Reef.
The Australian Government has committed to a Net Zero Plan to reduce emissions by 2050, focusing on driving down costs of low emissions technology and accelerating their deployment at scale across the economy.
These trends are creating new pressures for businesses operating in Australia: how to navigate a changing physical environment and manage the risks and opportunities arising from the move to a low carbon economy. In this paper, we explore these risks and opportunities.
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