this post was submitted on 04 Oct 2023
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This is probably why the Australian government won’t release the climate threat report.
Stone cold actuarial analysis predicting devastating results.
It would literally panic the population.
Tropical Asia uninhabitable is not good for the economy. Like at all.
Nor is 60-80 million climate refugees controllable with “tough border policies”
Even just the small part of the disaster that falls under the heading of sea level rise would be just a little bad for trillions in current real estate valuation. And then there's what true risk valuation in river flood plains and wildfire risk zones would do. And then...
It should panic the population
Aye.
I read the actual report, well worth looking at.
Very sobering when you see actuaries - the dry math types that make accountants look like party animals state:
.. at what point do we expect 50% GDP destruction – somewhere between 2070 and 2090 depending on how you parameterise the distribution.