Thread by @DrNatOsborne

It's Day 2 of the @ClimateGriffith
Difficult Conversations seminar series! Tonight's panel is discussing 'what becomes of the uninsurables?' Pop into SLQ if you'd like to join us in person, or catch the livestream griffith.edu.au/research/clima… from 5pm #GriffithClimateAction

@ClimateGriffith I'm gonna do my best to live tweet, but it's freely streamable so that's your best bet #GriffithClimateAction #climatechange #COP26

Kicking things off on Day 2, the inimitable @FemInt is talking to us about the Deep Listening tour she and @EliseInTheWoods went on in Mt Isa earlier this year #climatechange #griffithclimateaction #COP26

What sustainable, climate just futures and lifeways are available to regional towns? How can we make sure that community and place attachments are valued in adaptation planning? How can young people imagine a future in the places they call home?#GriffithClimateAction

Next up we have a keynote from Professor Wouter Botzen, an expert in the economics of climate change and natural disasters
#GriffithClimateAction

Prof Wouter Botzen - There's a significant gap between overall losses due to natural disasters, and insured losses, and evidence that climate change has already contributed to this trend
#GriffithClimateAction

Prof Wouter Botzen - how can reforms to insurance markets lower the risks of losses due to climate change, and reduce the impacts on people?
#GriffithClimateAction

Prof Wouter Botzen - should we be looking at providing discounts on premiums for those who take steps to adapt their property to climate impacts (e.g. who undertake flood proofing?)
#GriffithClimateAction

Prof Wouter Botzen - Insurability in general is always a balance between what it can cover and what people can afford to pay - as the likelihood of climate losses increases, insurance is likely to become less and less affordable #GriffithClimateAction

Prof Wouter Botzen - adaptation possibilities include mandatory insurance policies (though this could be high cost), public reinsurance, capping premiums and spreading the risk across geographical areas, offering discounts for risk mitigation
#GriffithClimateAction #COP26

Prof Wouter Botzen - there's a significant role for the public sector here

#GriffithClimateAction