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Climate Inaction Could Cost Millennials $185,000, Deloitte Warns

3/24/2026

Summary

Story summary

Deloitte warns Australian millennials could face lifetime costs up to $185,000 from climate change if urgent action fails.
The report presents two scenarios: continued warming and net-zero measures by 2050.
Economists advocate a carbon price and sustainable growth to reduce costs.
Ken Henry, former Treasury secretary, says climate action is needed to avoid burdening future generations.
The World Meteorological Organization confirms the past decade was the hottest on record.

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Story summary

Deloitte warns Australian millennials could face lifetime costs up to $185,000 from climate change if urgent action fails.
The report presents two scenarios: continued warming and net-zero measures by 2050.
Economists advocate a carbon price and sustainable growth to reduce costs.
Ken Henry, former Treasury secretary, says climate action is needed to avoid burdening future generations.
The World Meteorological Organization confirms the past decade was the hottest on record.