The Productivity Commission invites interested parties to register their interest in an inquiry into regulatory and policy barriers to effective climate change adaptation.
In undertaking the inquiry, the Commission should identify any specific barriers that inhibit effective adaptation to unavoidable climate change, and high priority options for addressing those barriers.
The Commission is to:
- examine the costs and benefits of the options to address those barriers where it is feasible to do so, including a ‘no change’ (maintaining the status quo) option
- assess the role of markets (including insurance markets) and non-market mechanisms in facilitating adaptation, and the appropriateness of government intervention.
The Commission will produce both a draft and final report, and will hold public hearings.
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