University of Otago researchers have secured $17.5 million in Marsden funding for 30 world-class research projects.
The newly formed Climate and Energy Finance Group, led by Otago Business School’s Associate Professor Ivan Diaz-Rainey, has received $869,000 to explore to what extent, and when, increasing flood frequencies will impact property values in New Zealand’s coastal cities.
“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. It also has implications for the stability of our banks given that over 60 per cent of the value of the four largest New Zealand banks loan portfolios are to housing”
See the original article on Otago Bulletin
