The National Climate Disaster Fund
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.