Australia's wildfire risk is anearly tickingfive economictimes timegreater bombthan —the U.S. baseline, and climate warming is set to drive adamages up by 58% surge— ina damages,tenfold dwarfinglarger amplification than what the U.S.'s modest 6% increasefaces. TheCyclones urban-wildlandlike fringeNarelle aroundadd Sydney,another Melbournelayer andof Perthdanger sitson righttop whereof firean hazardalready isstrained highest,risk making GDP exposure enormouslandscape. Ignoring thisthese hazard-drivencompounding amplificationthreats means dangerously mispricing physicalthe climateeconomic riskdevastation forheading investorsstraight andfor policymakersAustralian alikecities.
Australia's is hemorrhaging $16 billion- a- year in renewable energy subsidysubsidies regimewhile isproductivity guttingcrumbles productivity and drivingenergy upreliability powertanks prices— withoutthat's deliveringthe reliablereal electricity.crisis, Windnot andcyclone solarseason. areAbandoning inherentlydependable low-densitycoal and gas for intermittent, wind and batterysolar storagebacked atby scalewildly wouldexpensive costbatteries theis equivalenteconomic ofself-sabotage thedressed entireup nationalas GDPclimate action. DoublingThe downglobal onretreat thisfrom failingclimate energyalarmism transitionat whileCOP30 globalproves climatethis alarmismagenda is visiblylosing ebbingground is economic self-sabotagefast.
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