Australia: Climate change bill of $1b for suburbs
Age: WATERFRONT communities from Southbank to the Mornington Peninsula face a damage bill of more than $1 billion from severe storms and rising sea levels over the next 90 years, according to a confidential climate change report.
The report, by federal, state and local governments, warns that parts of Rosebud foreshore could be completely submerged by 2100 during coastal flooding, while residents around Elwood’s canals face massive annual losses if government and local councils fail to act.
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