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Politicians voice support for Government bid to discourage investment into flood prone areas of the country

Author
Newstalk ZB,
Publish Date
Wed, 2 Oct 2024, 8:16pm
Finance and Expenditure Committee members agree new ways of financing climate adaptation need to be explored. Photo / Paul Taylor
Finance and Expenditure Committee members agree new ways of financing climate adaptation need to be explored. Photo / Paul Taylor

Politicians voice support for Government bid to discourage investment into flood prone areas of the country

Author
Newstalk ZB,
Publish Date
Wed, 2 Oct 2024, 8:16pm

Politicians of all stripes say the Government shouldn’t try to stop the values of properties vulnerable to the effects of climate change from plummeting.

In fact, they believe there is room for at-risk property values to fall further to discourage investment in flood-prone parts of the country.

NZ Herald Wellington business editor Jenee Tibshraeny unpacks these findings further.

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