Natural disasters like bushfires, floods and cyclones aren’t rare or unpredictable. They’re inevitable and should be planned and budgeted for accordingly. But currently, the federal budget only includes disaster recovery spending for events that have already happened. This paper argues that estimated future disaster costs should be included in existing budget lines.

The paper unpicks concerns around whether large-scale investment in Australia's renewable energy systems, required to meet national emissions targets, are likely to have an impact on inflation. It finds that this investment is not only unlikely to be inflationary, it is likely to produce more economic stability than replacing existing coal and gas generation, and...

This speech, by Reserve Bank Deputy Governor, Guy Debelle, examines how climate change affects the objectives of monetary policy and some of the challenges that arise in thinking about climate change.