When I ask you what the cost of climate change is, you’re most likely to answer with a bigger macroeconomic picture.

But what are the actual figures?

Natural disasters already cost Australians over $13 billion on average every year, expected to rise to $39 billion per year by 2050. The National Climate Disaster Fund is a proposal by independent think-tank the Australia Institute for an independently administered fund to reduce the cost burden of natural disaster response and recovery to Australian households, businesses and taxpayers.

Joining me today is the Australia Institutes Principle Climate Advisor Mark Ogge.