The CSIRO's megatrends report says there has been a seismic shift in the challenges we'll face over the next 20 years, including climate change, geopolitics and artificial intelligence.
less affordable in Australia, with the cost of natural disasters forecast to triple over the next 30 years.COVID, along with Russia's invasion of Ukraine, have heralded a seismic shift in our near-future direction
Food security will be a key challenge, with alternative protein sources necessary to meet growing demand, warns that extreme weather caused by climate change will cost the country more than $39 billion annually by 2050. Australia's north is already hardest hit by rising insurance premiums, with home and contents insurance costing around 1.8 times more than in the south, as of 2020.
The megatrends report also echoes recent warnings from the Insurance Council that at least $30 billion will need to be spent to protect coastal communities from sea level rise, and on relocating some vulnerable communities.
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