Australia warned climate change inaction could cost billions

Claire Cowie watches over her horses as fire approached her property. Bumbalong Road, Bredbo North. February 01, 2020.

Claire Cowie watches over her horses as fire approached her property. Bumbalong Road, Bredbo North. February 01, 2020. Source: Getty

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A new report has warned the cost of annual damages from climate change-induced weather events, could surpass $100 billion by 2038. It comes as some National MPs push for new coal fired power stations in parts of the country.

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