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Much like South Africa, Australia has a highly developed coastal zone. Rising sea levels resulting from climate change poses a significant risk to coastal infrastructure and communities. The report argues that AUS$150bn (£84bn) worth of property on the Australian coastline is at risk from rising sea levels and more frequent storms.
Australian Prime Minister Kevin Rudd said the report was a reminder that "The real cost for Australia of continued inaction on climate change is deep and enduring and damaging to our economy and damaging to the nation's environment".
The findings and recommendations of the report also hold valuable lessons for South Africa. More than 30% of South Africa’s population and about 60% of Mozambique’s population currently live near the coast. Furthermore, in excess of 80% of the southern African coastline is comprised of sandy shores susceptible to large sea level variability and erosion.
The potential impact of rising sea levels and more frequent extreme weather events was highlighted in March 2007 when a coastal storm hit the coast around Durban. The cost of repairs following the storm was estimated at R400 million, although this figure does not include foregone tourism revenue.
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