Climate Change Makes Forecasting Harder, Australia’s Agriculture Minister Says January 2, 2024 By Swati Pandey Climate change is making it harder to accurately predict extreme weather events, said Australia’s agriculture minister Murray Watt, amid criticism...
Insurance Premiums Are Big Driver of Australian Inflation November 1, 2023 By Swati Pandey Australian inflation is being driven by climate change, geopolitical shocks and government policies — factors typically beyond the Reserve Bank’s...
Australia’s Climate Risks Are Making Home Insurance Unaffordable August 14, 2023 By Swati Pandey Australian home insurance premiums jumped the most in two decades in the past year, driven by weather catastrophes and higher...
Australia’s Extreme Climate Risks Threaten to Make Home Insurance Unaffordable August 17, 2022 By Swati Pandey Australia’s mounting extreme weather events threaten to make home insurance premiums unaffordable for an estimated 1 million households. On average,...
Australian Pension Fund Agrees to Settle Landmark Climate Risk Litigation November 2, 2020 By Swati Pandey SYDNEY — One of Australia’s largest pension funds on Monday agreed to settle a landmark climate risk litigation filed by...
After Australia’s 2019 Floods, Insurers Begin to Bail, Banks Keep Lending March 16, 2020 By Swati Pandey, Carolyn Cohn and Simon Jessop Only a year after losing their homes to floods in parts of Australia’s north eastern coast of Queensland, people are...
Australia Regulator Seeks to Understand Financial Risks of Climate Change February 24, 2020 By Swati Pandey Australia’s prudential regulator said on Monday it was looking to better understand the financial risks of climate change and would...
Australians Evacuate Their Homes as Soaring Temperatures, Winds Fan Bushfires January 10, 2020 By Colin Packham and Swati Pandey Australia urged nearly a quarter of a million people to evacuate their homes on Friday and prepared military backup as...
Australia to Shake Up Financial Sector After Inquiry Shows Widespread Wrongdoing February 4, 2019 By Jonathan Barrett and Swati Pandey Australia’s corporate regulators will be subjected to a new oversight body in a shake-up of the banking sector recommended by...
Newest Big Thing in Drones Is Technology to Block Them January 3, 2017 By Jeremy Wagstaff and Swati Pandey A boom in consumer drone sales has spawned a counter-industry of start-ups aiming to stop drones flying where they shouldn’t...