Australian Airports Face Costly Fight Against Worst Climate Risk

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...