Extreme weather events and costs

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Extreme weather events and costs associated with climate change are occurring across the world.

Some recent examples are:

  • Tropical Cyclone Yasi smashed the north Queensland coast, causing damage with estimated costs in excess of AUS$4b
  • A national Flood levy is flagged for Australia to cover costs of the 2011 Australia floods estimated to be in excess of AUS$5b
  • The 2009 Victorian bushfires caused damage with estimated cost of AUS$1b
  • The price of saving London from floods could exceed £20 billion[1]
  • The 2007 Newcastle floods damage bill topped AUS$1 billion, larger than either the (1999) Sydney hailstorm or the (1989) Newcastle earthquake[2]
  • An AUS$10 billion national water management plan is required for the Murray Darling river system[3]
  • AUS$4.9 billion water plan for Victoria, including construction of the world's largest desalination plant, with household water bills to double over next 5 years[4]
  • US$150 to 200 billion total economic impact to Louisiana and Mississippi by Hurricane Katrina[5]
  • AUS$20 to AUS$40 million just to rebuild the roads and bridges after the 2007 Gippsland flood.[6]

References

  1. UK News, The Observer, Sunday June 10, 2007
  2. Moriss Iemma, The Age, 18 June 2007
  3. Sydney Morning Herald, January 25, 2007
  4. The Age, June 19, 2007
  5. MNBC & Associated Press, September 10, 2005
  6. ABC News, July 3, 2007


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