The report states that ‘Australia’s climate has warmed by just over 1 degree C since 1910, ', and expects further warming over the next decade. [3] These extreme events may well have a disproportionately large physical impact.
heat events  State of the Climate leading to an increase in the frequency of extreme  https://www.rba.gov.au/speeches/2019/sp-dg-2019-03-12.html  2/10  3/13/2019  Climate Change and the Economy | Speeches | RBA  There is also a greater possibility of compound events, where two (or more) climatic events combine to produce an outcome that is worse than the effect of one of them occurring individually.