Climate Crisis Escalates Cost-of-Living Pressures
February 17, 2025| Source: The Australia Institute
A new report has found direct connections between the climate crisis and rising cost-of-living pressures. Failure to lower emissions now will only aggravate the crisis, with each moment of inaction compounding the pressure on households.
The report identifies three key areas where the climate crisis is directly driving up costs for Australians: insurance, food, and energy.
These sectors combined have accounted for over a fifth of the consumer price inflation experienced in Australia since 2022.