Weather & Science
Australian Airports Face Costly Fight Against Worst Climate Risk
- Zurich-Mandala index assesses climate risk to tourism
- Findings are warning to aviation investors as planet warms
An aircraft operated by Qantas Airways Ltd. outside a maintenance facility at Sydney Airport in Sydney, Australia.
Photographer: Brent Lewin/BloombergThis article is for subscribers only.
Almost all of Australia’s major airports including Sydney and Brisbane are vulnerable to the worst impacts of climate change, according to new analysis that spells out the threats to the multibillion-dollar investments favored by large pension funds.
The travel hubs face significant fallout from storms, floods, heat waves and high winds in coming years, the Zurich-Mandala Climate Risk Index report said Monday. Some 94% of Australia’s 31 busiest airports are exposed to “multiple, very high risks with a very high level of impact,” the report said, giving them the most extreme risk rating possible.