Social Justice
A new Caritas report (www.caritas.org.au/media/ku0bufxm/caritas_rising-tides_rising-debt-web.pdf ) has revealed how in the Pacific, economic losses from a single cyclone can reach 30–50 per cent of gross domestic product (GDP). By contrast, Australia’s Black Summer bushfires in 2020 cost an estimated $100 billion, or 4.92 per cent of GDP that year. That means a single cyclone in the Pacific can represent the economic equivalent of weathering six Black Summer bushfires, a staggering burden for small island economies.
