The Australia Institute

released 18 December 2019

The cost of natural disasters is increasing due to climate change. Costs are currently borne by individuals, communities and governments. A National Climate Disaster Fund should be established to reduce the cost burden of natural disaster response and recovery to Australian households and taxpayers. It should be funded by a levy on coal, gas and oil production, as multinational fossil fuel companies profit from climate change but make a very small contribution to the communities that bear its costs.