Michael Green writes about big business taking an interest in climate change

Michael Green.

Michael Green writes in today’s Melbourne Age that the financial implications of climate change have begun to trigger a significant interest among those in big business.

In his story “Flirting with disaster” he interviews several people and can illustrate that it is far cheaper to better prepare for an event than pay the price of repairing the subsequent damage.

Green reports Victoria’s Environment Minister, Ryan Smith, declined to be interviewed and he did quote Australia’s PM, Tony Abbott’s response to the latest IPCC report in which he said: “Australia is a land of droughts and flooding rains,” adding, “Always has been, always will be”.