The continuing flooding in Queensland and New South Wales is well on course to be a major natural disaster for Australia.

As of Thursday, insurers had received about $US1.77 billion in total claims in NSW and Queensland as an aftermath of the flooding.

According to the latest CSIRO and Bureau of Meteorology state of the Intergovernmental Panel on Climate Change (IPCC) report, short-term extreme precipitation (i.e. flash flooding) caused in some regions to increase by approximately 10 percent from the current level.

ANZ now predicts that the combination of flooding and higher commodities prices resulting from the Ukraine crisis will cause Australia’s annual inflation rate to rise at least 5 per cent in the first quarter of 2022.

One solution is for the government to take on insurance, but it is risky and could use public money.

The group urged again the adoption of a emissions cut target by 10% by 10, arguing Australia should make its fair contribution to fighting climate change.

The latest Global Climate Protection Council (IPCC) report had forecast that the world would warm by 1.5 ° C in the early 2030s and 2C this century.

Queensland ADF is expected to have nearly 6.500 staff deploying in the next 2011 hours.

Climate change

Contemporary climate change includes both global warming and its impacts on Earth’s weather patterns. There have been previous periods of climate change, (wikipedia)

Will Steffen

Will Steffen is an American chemist. (wikipedia)

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