The National Climate Change Adaptation Research facility [NCCARF] has been running for five years but the Federal Government has decided not to extend its funding.
It means that from June the facility, which develops knowledge used by decision-makers from both the Commonwealth and industry, is expected to be wound up.
Over the years the facility has fostered 140 projects across 33 universities around Australia
With more than 100 researchers set to be affected by the funding cut, Professor Jean Palutikof, director at the facility, says she is saddened and concerned that critical work may not being followed through.
"We've built up a lot of knowledge through our research programs that have really placed Australia in a very good position to deal with the challenge," she said.
"There are a lot of people out there now who know a lot about climate change and those people were not in that position five years ago.
"We might be seen an organisation that perhaps is meeting a future challenge rather than a current challenge although I have to say looking out of the window here in Queensland it looks to me like the challenge is pretty much here now.
"The bottom line is the activities of government in that respect of the present time are totally inadequate.
"Therefore we are also going to have to prepare ourselves to respond to the impacts of climate change that will inevitably happen because we haven't really managed that successfully on the mitigation front.
"When I say we haven't managed that successfully, I'm really talking about the global effort, not the effort of Australia individually."
Chief executive officer at the Investor Group on Climate Change, Nathan Fabian, says NCCARF has played an integral role in keeping the nation and industry up-to-date on what is proving an important global issue.
"Business is largely still working out what it knows and what it doesn't know about the physical impacts of climate change and to us," he said.
"NCCARF has played an important interpretive role between the science of climate change and its impacts on regions and resources and in some cases the assets that we invest in, so there is still an important role to be played."