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2021-03-09 P&E Agenda - Item 8 - Attachment 1 - Climate Change Response Plan

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The economic cost of climate change
The costs of a changing climate are already being felt, and without action these are likely to
increase significantly in the decades ahead.

For example, the cost of extreme weather in Australia has more than doubled since 1970,
totalling $35 billion over the past decade. By around mid-century, extreme weather events
exacerbated by climate change, as well as the impacts caused by rising sea levels, could
cost the Australian economy $100 billion every year. Figures regarding the potential
economic cost to Noosa from climate change are not yet available.



Climate impacts and risks for key local sectors
Figures 1 – 5 illustrate how key sectors across the Noosa Shire are likely to be affected by a
rapidly changing climate. It is common for the same or similar risks to be faced by multiple
sectors.




                         Figure 1: Climate risks for Noosa's business and economy




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Noosa Climate Change Response Plan - draft for council endorsement March 2021
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