Submission: Barriers to effective climate change adaptation – the role of insurance
In this submission to the Productivity Commission’s draft report on Barriers to Effective Climate Change Adaptation Consumer Action argues against the Commission’s assessment that subsidising flood insurance will reduce the incentives for consumers to mitigate their flood risk and so create a barrier to climate change adaptation. On the contrary, we believe that consumers in high flood risk areas currently have little or no ability to mitigate their flood risk and the introduction of more affordable flood insurance will increase the likelihood of consumers doing so.
To read our full submission, please click: Barriers to Effective Climate Change Adaptation: The Role of Insurance.
