Thursday Dec 6 18:24 AEDT
The impact of climate change will chisel five per cent off Australia's economic output by 2050, says the nation's commodity forecaster.
The Australian Bureau of Agricultural and Resource Economics (ABARE), releasing its Australian Commodities quarterly report, urged the development of policies encouraging climate change adjustment in vulnerable agriculture sectors.
It also called for more research and development in both climate change adaption and mitigation technologies. Read further
The impact of climate change will chisel five per cent off Australia's economic output by 2050, says the nation's commodity forecaster.
The Australian Bureau of Agricultural and Resource Economics (ABARE), releasing its Australian Commodities quarterly report, urged the development of policies encouraging climate change adjustment in vulnerable agriculture sectors.
It also called for more research and development in both climate change adaption and mitigation technologies. Read further
Two-thirds of Australian agriculture production is exported.
Agriculture accounts for about 17 per cent of Australia's total greenhouse gas emissions.
ABARE said the impact of climate change could be lessened by better farm management practices, diversification of crop varieties, changing livestock breeds and improved farming technologies.
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