The intergenerational report says climate is a ‘profound’ risk to Australia. But the full picture may be even worse

The IGR released by treasurer Jim Chalmers excludes drought, heatwaves and the Great Barrier Reef

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Climate change and the way the world responds to it “may be the most profound driver of change” for Australia’s economy over coming decades, according to the latest intergenerational report (IGR).

The report is easily the most comprehensive attempt to quantify risks and opportunities, with an entire chapter devoted to climate change and energy. There is a fivefold increase in references to “climate change” versus the 2021 IGR, a similar ratio for “disasters” and triple the naming of “renewable”.

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