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Climate change impact on GDP in Australia 2050-2070, by state

In a recent study conducted in 2020, the gross domestic product (GDP) in Australia was estimated to contract by 3.6 percent in 2050 in a scenario where no action on climate change was taken in the country. Furthermore, the GDP was estimated to reduce by 6.3 percent in 2070 if climate change was not mitigated.

Estimated change in GDP from unmitigated climate change in Australia in 2050 and 2070, by state

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Source

Release date

November 2020

Region

Australia

Survey time period

2020

Supplementary notes

Data represents modelling undertaken by Deloitte Access Economics quantifying physical damages to the environment if there is inaction or mis-action in preventing climate change. The damages baseline is presented here.

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Statistics on "Climate change in Australia"

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