Dean Smith (WA, Liberal Party, Shadow Assistant Minister for Foreign Affairs and Trade) Share this | Hansard source

My question is to the Minister representing the Minister for Climate Change and Energy, Senator Ayres. Minister, the Albanese government's National Climate Risk Assessment report claims that losses in Australian property values are estimated to increase to $611 billion by 2050 and could increase to $770 billion by 2090. During the recent Senate estimates, officials confirmed that these numbers, drawn from the 2019 Climate Council report, were not independently verified before being included in the government's assessment. Does Labor still stand by the claim, also made in the 2019 Climate Council report and contained in the climate risk assessment report, that Australian property values will fall by up to $571 billion within the next five years, or will you concede that this figure is inaccurate and misleading to Australians—yes or no?