{"id":837,"date":"2025-08-12T15:09:39","date_gmt":"2025-08-12T03:09:39","guid":{"rendered":"https:\/\/blogs.otago.ac.nz\/strandproject\/?p=837"},"modified":"2025-08-12T15:13:42","modified_gmt":"2025-08-12T03:13:42","slug":"follow-on-funding-application-success-strand-project","status":"publish","type":"post","link":"https:\/\/blogs.otago.ac.nz\/strandproject\/follow-on-funding-application-success-strand-project\/","title":{"rendered":"Follow-on funding application success &#8211; STRAND Project"},"content":{"rendered":"<p>STRAND team has successfully secured follow-on funding in the 2025 round of the Endeavour Fund &#8211; SMART Ideas. The project entitled &#8220;Financial stability and improved policies through spatio-temporal hybrid climate stress tests&#8221; will commence 1st October 2025.<\/p>\n<ul>\n<li>Contract value (GST excl): $1,000,000.00<\/li>\n<li>Contract term: 2 years<\/li>\n<li>Funding awarded in: 2025<\/li>\n<li>Principal Investigator\/s: Prof. Antoni Moore<\/li>\n<li>Project Team: Prof. Ivan Diaz-Rainey, Dr. Greg Bodeker, Dr. Simon Cox, Prof.\u00a0 Ronald Peeters, Dr. Quyen Nguyen, Dr. Ryan Paulik.<\/li>\n<\/ul>\n<p><strong style=\"color: #333333;font-style: normal\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-838 aligncenter\" src=\"https:\/\/blogs.otago.ac.nz\/strandproject\/files\/2025\/08\/MBIE-Endeavour.jpg\" alt=\"\" width=\"600\" height=\"200\" srcset=\"https:\/\/blogs.otago.ac.nz\/strandproject\/files\/2025\/08\/MBIE-Endeavour.jpg 600w, https:\/\/blogs.otago.ac.nz\/strandproject\/files\/2025\/08\/MBIE-Endeavour-300x100.jpg 300w, https:\/\/blogs.otago.ac.nz\/strandproject\/files\/2025\/08\/MBIE-Endeavour-150x50.jpg 150w, https:\/\/blogs.otago.ac.nz\/strandproject\/files\/2025\/08\/MBIE-Endeavour-500x167.jpg 500w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/strong><\/p>\n<p><!--more--><\/p>\n<p class=\"toggle-accordion accordion-btn open\" role=\"button\" aria-expanded=\"true\" aria-controls=\"transcript\"><strong>Public statement<\/strong><\/p>\n<div class=\"transcript\" aria-hidden=\"false\">\n<p>Flooding is one of Aotearoa New Zealand\u2019s costliest natural hazards, and risk of flooding will increase with climate change to 2100 and beyond. To prepare for this, we need better ways of predicting and understanding the impacts and implications of elevated flooding risk to households, insurers\/banks, and the broader economy. We can achieve this with climate stress-testing across geographic space and through time. Our SMART Idea is to integrate bottom-up and top-down approaches of stress-testing the resilience of NZ\u2019s real-estate market and financial system to climate-related flooding risks, such that behavioural, macro-economic, and social criteria can be incorporated to expand the range of influences beyond what have previously been considered. This hybridised model will be built upon the foundational blue-skies research in the Marsden funded STRAND project (2021-2024), leveraging and expanding the skilled and highly multidisciplinary research team from five research institutions and numerous research partners (including Reserve Bank of New Zealand, CoreLogic) and world-leading experts. Specifically, this expanded team will:<\/p>\n<ol>\n<li>improve the physical multi-hazard analysis using site-specific climate and groundwater datasets,<\/li>\n<li>factor behavioural responses of market participants (homeowners, banking and insurance firms) and explore how this may affect the pricing of flooding risk,<\/li>\n<li>develop better ways to estimate risks to mortgage lending including repayment and defaults,<\/li>\n<li>capture the wider effects of flooding risk on the broader economy and financial stability, and<\/li>\n<li>go beyond financial impacts and considers social, physical, and cultural factors with a spatial multi-criteria risk index.<\/li>\n<\/ol>\n<p>Successfully achieving these goals will result in more accurate, applicable, and relevant climate risk estimates that better serve the needs of climate risk pricing and adaptation policies.<\/p>\n<\/div>\n<p>&nbsp;<\/p>\n<p><strong style=\"color: #333333;font-style: normal\">\u00a0<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>STRAND team has successfully secured follow-on funding in the 2025 round of the Endeavour Fund &#8211; SMART Ideas. The project entitled &#8220;Financial stability and improved policies through spatio-temporal hybrid climate stress tests&#8221; will commence 1st October 2025. Contract value (GST [&hellip;]<\/p>\n","protected":false},"author":42619,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-837","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/blogs.otago.ac.nz\/strandproject\/wp-json\/wp\/v2\/posts\/837","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.otago.ac.nz\/strandproject\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.otago.ac.nz\/strandproject\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.otago.ac.nz\/strandproject\/wp-json\/wp\/v2\/users\/42619"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.otago.ac.nz\/strandproject\/wp-json\/wp\/v2\/comments?post=837"}],"version-history":[{"count":0,"href":"https:\/\/blogs.otago.ac.nz\/strandproject\/wp-json\/wp\/v2\/posts\/837\/revisions"}],"wp:attachment":[{"href":"https:\/\/blogs.otago.ac.nz\/strandproject\/wp-json\/wp\/v2\/media?parent=837"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.otago.ac.nz\/strandproject\/wp-json\/wp\/v2\/categories?post=837"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.otago.ac.nz\/strandproject\/wp-json\/wp\/v2\/tags?post=837"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}