Australia's National Climate Risk Assessment

Australia's first National Climate Risk Assessment (NCRA) is the country's most comprehensive climate risk analysis ever undertaken. The findings of the report include:

• 63 nationally significant climate risks
• 10 priority hazards to consider
• 8 key functional systems that will be affected
• the exposures and vulnerabilities each system has to climate risk
• the consequences of mitigation action that is unsuccessful or has second-order consequences
• the dynamic relationship across and between all of the above.

Both an executive summary overview and the full report are available at the link below.

The report quantifies risks to primary industries and to the real economy (rated high to very high with medium confidence by 2050) from climate-related impacts. This includes financial volatility. Developed by more than 250  experts with contributions from over 2,000 specialists, it draws on ACS, CSIRO, Bureau of Meteorology, ABS and Geoscience Australia data. The NCRA provides the evidence base underpinning Australia's mandatory climate-related disclosure regime and TNFD-aligned physical risk assessments, and explicitly addresses risks to Aboriginal and Torres Strait Islander peoples through an Indigenous-led process.