We hear all about how climate change will affect our lives physically, however, it is never mentioned how it will affect the world financially.
Scientists and engineers are currently warning the Australian government that if we don’t start making our built environments more resilient we are going to be faced with a trillion dollar debt.
This 13-figure number is the estimated cost of fixing damage to our buildings and infrastructure due to climate change events including fire, flood and storms.
Science states that world temperatures are beginning to rise and will continue to rise. Sea levels rising are expected and Australia is already feeling the effects of severe storms, fires and floods.
Currently state governments are responding. The New South Wales government has created the AdaptNSW program which has led to regional climate change modeling and is now publishing results aimed at local council, government agencies, NGO’s, research and industry.
The key to being ready is mapping and information sharing. Contruction companies however need to look at properly fortifying and designing buildings in a smart, strategic way.
There are five steps that critical industry players need to take to ensure we are ready: