Australia’s peak actuarial body has called on the government to extend its sustainable finance taxonomy to include adaptation, warning that the nation is “significantly underinvesting” in climate resilience
The Actuaries Institute, which represents the profession to the government, estimates that natural disasters are already costing the Australian economy A$38 billion ($25 billion; €21 billion) a year–a figure that could rise to at least A$73 billion by 2060
responsible-investor.com/aussi…
Aussie actuaries urge government to add adaptation to ‘green’ taxonomy
Actuaries Institute warns that Australia is ‘significantly underinvesting’ in adaption, calls for public-private plan to ramp up financing.Paul Verney (Responsible Investor)
