Climate Extremes pose significant risks to the global and Australian economy and are an increasing concern for the finance, reinsurance, and insurance sectors. Having robust knowledge on how climate extremes will change at relevant spatial scales allows businesses and government departments to make better decisions. Currently, gaps exist between the variety of ways scientists produce estimates of future extremes, and the information required by business to conduct risk assessment and decision making. The ARC Centre of Excellence for Climate Extremes is in on-going discussions with multiple elements of the finance sector to help close this gap. Recent engagement activities have included briefings to the finance sector on assessing climate risk and on the use and misuse of climate models and how misunderstanding climate data can lead to perverse outcomes and missed opportunities.

Find out more about the Knowledge Brokerage Team at the ARC Centre of Excellence for Climate Extremes and how we can help you.

  • Atmospheric rivers in Australia

    We are conducting research to determine if we can forecast changes in the probability of extreme rainfall events associated with atmospheric rivers 2-6 weeks ahead.

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  • Understanding Australia’s rainfall

    By bringing together researchers focussed on the large-scale modes of climate variability with researchers investigating weather and land surface processes, our goal is to improve the regional predictions of how rainfall extremes will change in the future.

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  • A new global picture of compounding weather and climate hazards

    The difference in results between the high-skill and low-skill CMIP6 models highlights an urgent need to examine why some models work well and some don’t, and, ultimately, improve those with weaknesses.

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  • Why research on compounding weather and climate hazards is important

    Climate Extremes is leading research that will ultimately help businesses and governments better assess the risks posed by compound events.

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  • Climate change and tipping points

    Tipping points exist in the climate system, and it is very unlikely that all tipping points are known. Different tipping points are understood with different levels of confidence, they operate on different timescales, can interact to trigger cascades of abrupt changes, and some tipping point changes are irreversible on timescales of centuries to millennia.

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  • Could understanding the Indian Ocean improve climate predictions for Australia?

    You may have heard about the influence of sea surface temperatures (SSTs) in the tropical Pacific Ocean on Australia’s climate and how forecasts of the El Niño–Southern Oscillation (ENSO) help to give warnings of flood, drought and bushfire risk in Australia months in advance… but what about the tropical Indian Ocean?

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