Following the release of the 'Climate Change Impact Series: Actions of the Sea and Future Risks' report, a critical milestone of this project has now been met.
Many thanks to our Climate Change Action Committee and Data and Knowledge Committee who made this work possible.
Top takeaways from the report
- Climate change is driving rising sea levels and exacerbating coastal hazards known as “Actions of the Sea” such as coastal inundation, erosion, and recession.
- Significant additional investment will be required to mitigate the risks of coastal inundation and sea level rise.
- Urgent action is needed at all levels of government, in collaboration with industry, to build a national picture of coastal hazard risks and how to address it.
- The insurance industry stands ready to collaborate with government to share our risk intelligence to help mitigate these growing challenges.