Climate change to wipe $571 billion off real estate by 2030, report warns

The Climate Council is warning that $571 billion could be wiped off Australian real estate values by 2030 unless future governments take action to tackle climate change. 

Research released today says climate change could see economic growth reduced by $4 trillion over the next 80 years and that insurance premiums could become unaffordable for one in 19 households. 

Climate Council chief executive Amanda McKenzie speaks with ABC's Peter Ryan