Climate change will cost a young Australian up to $245,000 o

Climate change will cost a young Australian up to $245,000 over their lifetime, court case reveals


The Federal Court today dismissed a bid by a group of Australian teenagers seeking to prevent federal environment minister Sussan Ley from approving a coalmine extension in New South Wales.
While the teens’ request for an injunction was unsuccessful, a number of important developments emerged during the court proceedings. This included new figures on the financial costs of climate change to young Australians over their lifetimes.
An independent expert witness put the loss at between A$125,000 and A$245,000 per person. The calculation was a conservative one, and did not include health impacts which were assessed separately.
The evidence was accepted by both the federal government’s legal team and the judge. That it was uncontested represents an important shift. No longer are the financial impacts of climate change a vague future loss – they’re now a tangible, quantifiable harm.

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