New research reveals that rising sea levels and storm surges could inflict at least $855 billion in economic losses across Australia by the end of this century, marking a significant threat to coastal communities and infrastructure.

Australia's vulnerability stems from extensive low-lying coastal areas where much of its population and economic activity are concentrated. The study highlights the urgent need for adaptation strategies to mitigate these impacts.

The long-term implications include potential displacement of residents, loss of property values, and increased insurance premiums, exacerbating socio-economic challenges in affected regions.