University of Otago researchers this week learned they have secured $17.5 million in funding for 30 projects, including three with a unique Māori perspective.
Funding for climate change research
The newly-formed Climate and Energy Finance Group received $869,000 to explore to what extent, and when, increasing floods would affect property values in coastal cities.
The research, led by Otago Business School’s Associate Professor Ivan Diaz-Rainey, had immense value for the future.
“This is an extremely important topic because 65 per cent of the population in New Zealand live within 5km of the sea and 85 per cent of individual wealth is concentrated in real estate,” associate professor Diaz-Rainey said.
“It also has implications for the stability of our banks given that over 60 percent of the value of the four largest New Zealand banks loan portfolios are to housing.”
See the original article on RNZ.
