Improved seasonal climate forecasts: the benefits for Australia’s economy

The Centre for International Economics has estimated the potential value of improved seasonal climate forecasts for 11 sectors of Australia’s economy.

The potential value for the agricultural sector is significant, and much greater than for other sectors in the economy. And with even more climate variability expected under climate change, they expect that value to increase.

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The information here is based on their analysis for the agriculture sector:

The information here is based on their analysis for 11 sectors of the economy, excluding agriculture:

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