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The Times

counting the hidden economic impact of floods and bushfires

  • Written by Mehmet Ulubasoglu, Professor of Economics, Head of the Department of Economics and Director of the Centre for Energy, the Environment and Natural Disasters, Deakin University

The Australian government’s latest budget has committed A$210 million for a new climate information service, $600 million for a new agency to promote natural disaster recovery and resilience, and $10 billion for a reinsurance fund to reduce insurance premiums in northern Australia.

That money split is symptomatic of a general focus on the...

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