Climate change poses challenges for all sectors of the Australian economy but particularly for those sectors dependent on natural resources, like agriculture, forestry and fisheries.
Australia’s climate is changing and the impacts of climate change can be seen in the differences we are experiencing in rainfall, temperature and extreme weather events. Climate change will influence our actions, choices and decisions.
Adaptation and land management practices adopted by the land sector play an important role in building resilience and mitigating the physical impacts from climate change.
Climate change action also presents opportunities for the land sector. There are a number of financial opportunities for the sector that also provide environmental benefits while improving productivity and increasing resilience to a changing climate.
The global effort to mitigate and adapt to climate change is also presenting market opportunities to the agricultural sector. As economies transition towards lower emissions, opportunities may emerge for agriculture industries that can demonstrate more emissions-efficient production systems, or even carbon neutrality.
The Department of Agriculture, Water and the Environment ensures the interests of the agriculture sector are considered in climate policies and advances the sector’s capacity to deal with climate change and harness opportunities in emissions reduction.
The Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) is the science and economics research division of the Department of Agriculture, Water and the Environment, and undertakes research projects on climate change to advance the sector’s resilience.