The end is nigh
@loresey.bsky.social
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Greenie arty farty leftie in Australia. Childless cat lady with indoor cat (Theo, Segrentarri ov Bafruum Drinkes, Plundercats). Lampwork bead maker
Greenie arty farty leftie in Australia. Childless cat lady with indoor cat (Theo, Segrentarri ov Bafruum Drinkes, Plundercats). Lampwork bead maker
![Article excerpt
increases in global temperatures from the burning of fossil fuels, could have serious effects on key industries, such as agriculture, that are
highly exposed to droughts, bushfires and storms. Only two countries, Thailand and Portugal, experienced greater extreme weather-related economic losses than Australia last year,
Allianz's annual study of global economic climate risk found. Almost SUSIO billion of damage was caused by weather events in Australia last year, including Cyclone Alfred and the Victorian bushfires,
said Allianz. Andrew Watkins, a climate expert at Monash University, said Australia's geography and relatively small population put it at higher risk of outsized economic losses from extreme weather, such as flash
droughts. "Many parts of Australia had some decent rain during winter, but these days we have to think differently because the heat can actually dry things out so fast that we go from okay conditions to drought conditions
a lot faster than we used to," Watkins said. "Those past El Nino droughts were nowhere near as hot as the ones we have now so things dry out faster, [especially] in the high country, where a lack of snow means that they're getting more months of
drying," he said.
Extreme weather-related losses per country (% GDP)
Thailand Portugal
Australia
US
Indonesia
Brazil Turkey
China
South Korea
Chile
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