Opened the debate
Steggall argued that climate change poses escalating economic and security risks, citing billions in insured losses and rising premiums. Steggall called for legally mandated five-yearly climate risk assessments and an allocation of 0.25 per cent of GDP to adaptation. Steggall urged the government to establish a National Climate Adaptation Authority, update building codes for resilience, and release a declassified intelligence report on climate security threats. Steggall also highlighted the impact on Pacific neighbours and criticised the approval of new fossil fuel projects.