This report finds government funding is generally skewed towards the later stages of industry development which are already comparatively well-financed by private capital markets. It suggests shifting more funding towards the early stages of industry development, including high-risk high-reward projects that might otherwise struggle to gain private finance, and could one day become major players...

This report recommends clear, transparent policy direction for public authority directors. This will hopefully enable public authorities to contribute to a whole-of-government picture of climate risk that meets and raises the standards that apply to all organisations, public and private, in discovering, disclosing and addressing climate risk.

This paper argues that while some public authorities are responding in a sophisticated way to climate risk, changes are needed to support wider adoption of best-practice approaches. The authors makes four recommendations that could help boards and directors to better manage climate risks.