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Australian airports face the worst climate-change risks: Zurich-Mandala — Significant fallout from storms, floods, heat waves, and high winds soon threaten pension funds’ multibillion-dollar investments
The findings of climate change impacting Australia's airports are a warning to aviation infrastructure owners worldwide.
Almost all of Australia’s major airports, including Sydney and Brisbane, are vulnerable to the worst impacts of climate change, according to new analysis that spells out the threats to the multibillion-dollar investments favored by large pension funds. It studied 178 sites, ranging from Sydney Airport and Bondi Beach to the Melbourne Cricket Ground and Uluru, using Intergovernmental Panel on Climate Change modeling and proprietary impact assessments. Costly mitigation measures include canopy structures to protect vineyards from heat damage, sea walls to reduce the impact of waves on beaches, and heat-reflective paint or retractable roofs on sports and music arenas, the report said.
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