Submission to the National Adaptation Plan Issues Paper

The Australian Sustainable Finance Institute (ASFI) welcomes the publication of the Government’s National Adaptation Plan Issues Paper, alongside the first pass National Climate Risk Assessment. Physical impacts of climate change present a serious risk to the Australian financial system and to Australia’s economy and prosperity. It is critical that steps be taken across the economy to support adaptation and increase resilience to climate impacts, alongside meaningful action to reduce emissions in line with Paris Agreement goals.

We welcome the focus in the Issues Paper on both the role of private capital in supporting adaptation and resilience across the economy, and the role and relevance of First Nations’ knowledge, experiences, and leadership in informing Australia’s response to unavoidable impacts of climate change. We have prioritised these two areas in our response to this Issues Paper.