GR: Efforts by governments to support development by hiding important information from consumers is rampant in the U. S. I am not surprised that this is true in Austrailia as I assume that it is true worldwide.
Guardian: “The risk that houses in some areas of Australia are likely to become uninsurable, dilapidated and uninhabitable due to climate change is kept hidden from those building and buying property along Australia’s coasts and in bushfire zones, a Climate Institute report says.
“The report says there is untapped and unshared data held by regulators, state and local governments, insurers and banks on the level of risk, but that most homebuyers and developers are not told about the data and do not have access to it. The full scale of risk may only be recognised through disaster or damage, or when insurance premiums become unaffordable Climate Institute report“Even when public authorities, financial institutions and other stakeholders possess information about current and future risk levels, they are sometimes unwilling, and sometimes unable, to share it with all affected parties,” the report released on Monday says.”
Source: Homeowners kept in dark about climate change risk to houses, says report | Environment | The Guardian
