Flooding already costs NZ almost $500 million per year - and that price tag cou…
Flooding already costs NZ almost $500 million per year - and that price tag could rise | Stuff.co.nz
Stuff ·
Flooding already costs NZ almost $500 million per year - and that price tag could rise | Stuff.co.nz
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{"v":1,"chapters":[{"timeSeconds":0,"label":"Flooding costs NZ $472 million annually","summary":"A new report estimates that flooding already costs New Zealand almost half a billion dollars per year. This figure is projected to rise significantly in the coming decades."},{"timeSeconds":26,"label":"Devastation from recent floods shown","summary":"Footage shows the immediate aftermath of flooding, with submerged vehicles and homes. The scale of the damage indicates the ongoing challenge of dealing with extreme weather events."},{"timeSeconds":33,"label":"Projected costs of flooding increase","summary":"The report highlights that by 2025, annual flood damage costs are projected to reach $472 million. By 2075, this figure could soar to $721 million, a 53% increase."},{"timeSeconds":57,"label":"Infrastructure at risk from flooding","summary":"The cost of flooding is expected to keep rising, especially for infrastructure like roads, power, and water networks. These are all vulnerable to damage from extreme weather."},{"timeSeconds":103,"label":"Cost of inaction is significant","summary":"Graham Campbell from the NZ Infrastructure Commission emphasizes the need to understand the scale of the problem. He suggests that the cost of doing nothing is substantial."},{"timeSeconds":116,"label":"Infrastructure damage is widespread","summary":"The report indicates that the biggest losses are expected to come from the infrastructure New Zealand relies on daily. This includes homes, power, water networks, and local roads."},{"timeSeconds":130,"label":"Coastal flooding costs to double","summary":"Coastal flooding is also a major concern, with current costs of $243 million projected to more than double to $543 million by 2075."},{"timeSeconds":150,"label":"Regional differences in flood risk","summary":"While Auckland faces the highest dollar losses due to its extensive infrastructure, other regions like Wairoa, Kaipara, and Whakatāne are also at significant risk."}]}
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