Insuring property under climate change
Climate change will increasingly create severe risks for New Zealand’s coastal housing stock. Even a small amount of sea level rise will substantially exacerbate the costs of flooding and storm surges (Parliamentary Commissioner for the Environment, 2015). Under the Intergovernmental Panel on Climat...
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2017
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ftvictoriauwelli:oai:ojs.victoria.ac.nz:article/4603 2024-09-15T17:48:25+00:00 Insuring property under climate change Storey, Belinda Noy, Ilan 2017-11-01 application/pdf https://ojs.victoria.ac.nz/pq/article/view/4603 eng eng Institute for Governance and Policy Studies & the School of Government https://ojs.victoria.ac.nz/pq/article/view/4603/4094 https://ojs.victoria.ac.nz/pq/article/view/4603 Policy Quarterly; Vol. 13 No. 4 (2017): Policy Quarterly 2324-1101 2324-1098 Intergovernmental Panel on Climate Change (IPCC) climate change reinsurance and insurance retreat coastal housing risks Resource Management Act (RMA) climate-sensitive insurance residential and commercial insurance Earthquake Commission (EQC) info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion 2017 ftvictoriauwelli 2024-07-26T03:06:43Z Climate change will increasingly create severe risks for New Zealand’s coastal housing stock. Even a small amount of sea level rise will substantially exacerbate the costs of flooding and storm surges (Parliamentary Commissioner for the Environment, 2015). Under the Intergovernmental Panel on Climate Change’s (IPCC) three mitigation scenarios, global average sea levels are likely to rise by between 28cm and 73cm by 2100 (above the 1986–2005 average). Under the IPCC’s high emissions scenario the sea level is likely to rise by between 52cm and 98cm by 2100 (IPCC, 2013). Only collapse of parts of the Antarctic ice sheet, if triggered, could cause the sea level to rise substantially above these ranges. Some regions in New Zealand (including the main urban centres) have high enough quality geographic data to infer the number of homes at risk. In those regions, there are over 43,000 homes within 1.5m of the present average spring high tide and over 8,000 within 50cm. Article in Journal/Newspaper Antarc* Antarctic Ice Sheet Open Journal Systems at the Victoria University of Wellington Library |
institution |
Open Polar |
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Open Journal Systems at the Victoria University of Wellington Library |
op_collection_id |
ftvictoriauwelli |
language |
English |
topic |
Intergovernmental Panel on Climate Change (IPCC) climate change reinsurance and insurance retreat coastal housing risks Resource Management Act (RMA) climate-sensitive insurance residential and commercial insurance Earthquake Commission (EQC) |
spellingShingle |
Intergovernmental Panel on Climate Change (IPCC) climate change reinsurance and insurance retreat coastal housing risks Resource Management Act (RMA) climate-sensitive insurance residential and commercial insurance Earthquake Commission (EQC) Storey, Belinda Noy, Ilan Insuring property under climate change |
topic_facet |
Intergovernmental Panel on Climate Change (IPCC) climate change reinsurance and insurance retreat coastal housing risks Resource Management Act (RMA) climate-sensitive insurance residential and commercial insurance Earthquake Commission (EQC) |
description |
Climate change will increasingly create severe risks for New Zealand’s coastal housing stock. Even a small amount of sea level rise will substantially exacerbate the costs of flooding and storm surges (Parliamentary Commissioner for the Environment, 2015). Under the Intergovernmental Panel on Climate Change’s (IPCC) three mitigation scenarios, global average sea levels are likely to rise by between 28cm and 73cm by 2100 (above the 1986–2005 average). Under the IPCC’s high emissions scenario the sea level is likely to rise by between 52cm and 98cm by 2100 (IPCC, 2013). Only collapse of parts of the Antarctic ice sheet, if triggered, could cause the sea level to rise substantially above these ranges. Some regions in New Zealand (including the main urban centres) have high enough quality geographic data to infer the number of homes at risk. In those regions, there are over 43,000 homes within 1.5m of the present average spring high tide and over 8,000 within 50cm. |
format |
Article in Journal/Newspaper |
author |
Storey, Belinda Noy, Ilan |
author_facet |
Storey, Belinda Noy, Ilan |
author_sort |
Storey, Belinda |
title |
Insuring property under climate change |
title_short |
Insuring property under climate change |
title_full |
Insuring property under climate change |
title_fullStr |
Insuring property under climate change |
title_full_unstemmed |
Insuring property under climate change |
title_sort |
insuring property under climate change |
publisher |
Institute for Governance and Policy Studies & the School of Government |
publishDate |
2017 |
url |
https://ojs.victoria.ac.nz/pq/article/view/4603 |
genre |
Antarc* Antarctic Ice Sheet |
genre_facet |
Antarc* Antarctic Ice Sheet |
op_source |
Policy Quarterly; Vol. 13 No. 4 (2017): Policy Quarterly 2324-1101 2324-1098 |
op_relation |
https://ojs.victoria.ac.nz/pq/article/view/4603/4094 https://ojs.victoria.ac.nz/pq/article/view/4603 |
_version_ |
1810289613427703808 |