prepare for future impacts of climate change. Engaging with networks of business, government and community events to build businesses knowledge of planning and preparing for extreme weather events. 4.2 Partner with the insurance industry and the Partner with Ongoing Business as Victorian Government to explore options for Resilient usual finance mechanisms that strengthen the Melbourne business case to leverage funds for adaptation Office, Victorian and maximise climate risk management and Government adaptation across the municipality and the Insurance Industry 4.3 Identify opportunities to co-finance adaptation Partner with Ongoing Subject to projects for example through public/private insurance annual plan partnerships to achieve multiple benefits. industry and and budget and renewal business case agencies Goal 5: Continue to build Melbourne’s climate change adaptation capabilities and expertise The City of Melbourne is leading on climate change action in Melbourne, in Australia and globally. We are – working to continually improve the municipality’s capabilities and expertise, innovation and engage the community in a collective response to climate change. Strong governance structures underpin our commitment to showcasing leadership. We want to continue to build our own adaptation capabilities and expertise, as well as the expertise of our partners and the community. Current actions and key gaps We are informing and involving the community through Participate Melbourne and Future Melbourne, to encourage community-led responses to climate change. The City of Melbourne has a strong track record in using new tools to analyse and share information that builds our capacity to adapt to climate change. For example, our Adaptation Cost Curve helps us to prioritise adaptation actions that provide most financial benefit. Such decision-support tools will continue to be incorporated into core sustainability and resilience activities. Our current Council Plan outlines our intention to be an accessible, transparent, and responsive organisation. This commits us to strong community engagement, and requires us to continue to monitor our risks, demonstrate progress, and share lessons learnt.
prepare for future impacts of climate change. Engaging with networks of business, government and community events to build businesses knowledge of planning and preparing for extreme weather events. 4.2 Partner with the insurance industry and the Victorian Government to explore options for finance mechanisms that strengthen the business case to leverage funds for adaptation and maximise climate risk management and adaptation across the municipality Partner with Resilient Melbourne Office, Victorian Government and the Insurance Industry Ongoing Business as usual 4.3 Identify opportunities to co-finance adaptation projects for example through public/private partnerships to achieve multiple benefits. Partner with insurance industry and renewal agencies Ongoing Subject to annual plan and budget and business case Goal 5: Continue to build Melbourne’s climate change adaptation capabilities and expertise The City of Melbourne is leading on climate change action – in Melbourne, in Australia and globally. We are working to continually improve the municipality’s capabilities and expertise, innovation and engage the community in a collective response to climate change. Strong governance structures underpin our commitment to showcasing leadership. We want to continue to build our own adaptation capabilities and expertise, as well as the expertise of our partners and the community. Current actions and key gaps We are informing and involving the community through Participate Melbourne and Future Melbourne, to encourage community-led responses to climate change. The City of Melbourne has a strong track record in using new tools to analyse and share information that builds our capacity to adapt to climate change. For example, our Adaptation Cost Curve helps us to prioritise adaptation actions that provide most financial benefit. Such decision-support tools will continue to be incorporated into core sustainability and resilience activities. Our current Council Plan outlines our intention to be an accessible, transparent, and responsive organisation. This commits us to strong community engagement, and requires us to continue to monitor our risks, demonstrate progress, and share lessons learnt.