web analytics

Really buffering climate change

Written By: - Date published: 9:00 pm, January 14th, 2018 - 53 comments
Categories: climate change, disaster, Economy, Environment, ETS - Tags: , , ,

The recent 1 development of accident and disaster insurance over the last century, and its widespread non-commercial adoption across the world in the last 60 years is having a profound influence on buffering climate change. The Economist had a recent article with an excellent graph showing this.

THAT 2017 suffered from more than its fair share of natural catastrophes was known at the time. In the wake of Hurricane Harvey, the streets of Houston, Texas, were submerged under brown floodwater; Hurricane Irma razed buildings to the ground on some Caribbean islands. That the destruction was great enough for insurance losses to reach record levels has only just been confirmed. According to figures released on January 4th by Munich Re, a reinsurer, global, inflation-adjusted insured catastrophe losses reached an all-time high of $135bn in 2017 (see chart). Total losses (including uninsured ones) reached $330bn, second only to losses of $354bn in 2011.

Unlike 2011 with its expensive earthquakes in Japan (and here in Christchurch), last year it was 97% weather and climate related. This has been common and ever increasing trend.

If you look at the figures adjusted to a common 2016 base since the 1980s, this pattern becomes cyclically clear in recent decades

If climate change brings more frequent extreme weather, as Munich Re and others expect, last year’s loss levels may become depressingly familiar. Already, the data show many more frequent high-loss events since 2000—lots of them weather-related—than in the two preceding decades.


The article points out that the modern basis for insurance, where insurance companies farm out the risk to reinsurance policies, has so far been standing up to increased risks.

For all the gloom, the 2017 losses were also proof of the resilience of the reinsurance industry. Insurers have long spread catastrophe risk by taking out reinsurance policies. This time, reinsurers had such ample capital buffers that they are expected to suffer only a small dent, of around 5-7% of capital. And 2017 was also the biggest test so far of reinsurance provided directly by investors, whether through catastrophe bonds or “collateralised reinsurance”, where a fund manager puts up collateral to cover potential claims. These forms of “alternative capital”, which reached $89bn in mid-2017, now make up around 14% of total reinsurance capital, up from 4% in 2006, according to Aon, a broker.

Their performance has been remarkably smooth. Investor demand has held up; many asset managers in the field have raised new money since the losses. Demand may yet grow further, says Paul Schultz, head of Aon’s capital-markets arm, since the yields on alternative capital are poised to rise because of growth in reinsurance premiums.

And that is the point. Unlike the ‘market’ abortions for trying to control greenhouse gases like the Emission Trading Scheme that National appears to have deliberately sabotaged for political reasons 2 , rising reinsurance premiums reflecting increased extreme weather risks actually impose a cost on dealing with climate change now.

In my view, New Zealand should just scrap the ETS as being a complete waste of time. Instead we probably need to treat climate a bit like we do with the Earthquake and War damages, with a few enhancements like mandatory insurance.

Legislatively insist that everyone in this country holding property, urban and rural, are required to have full coverage disaster insurance for extreme weather. I am pretty sure that this will provide an immediate political will to try to mitigate the cost of such insurance. The only way to do it is to move off risky land subject to flooding or reduce greenhouse gas emissions from polluters.

Sure, it doesn’t directly hit the polluters. But unlike the existing schemes which push the costs of climate change into the never never like the ETS does (and implicitly on to future taxpayers), calculations of risk and reinsurance premiums look forward from now and try to actually assess future risk costs to be paid now. Moreover it does so to make sure that there is profit to uncharitable investors wanting to make a profit.

Those paying increasing reinsurance premiums, and those investing to make a profit out of the misery of others will then have a direct vested interest in overcoming the lobby groups trying to get others to pay for their pollution – like the road transport lobby and farmers.

Now I’m sure that this will offend those who’d prefer more social responsibility from polluters. However I think that playing on simple greed to avoid paying the risk costs upfront for future events is more likely to induce some incentive to change now. After all those directly paying will be property owners rather than those polluting in a tragedy of the commons.

And anyway if we don’t deal with climate change at its root causes, it will provide a bloody great market price signal about what land is dangerous to build or farm on. That at least will start to reduce the costs to taxpayers for bailing out or trying fruitlessly to protect fools who like to live mere metres above sea level, drain swamps, live on flood plains or on coastal dunes.


  1. When I say recent, I mean from a historical perspective. Almost all of it happened within my grandparents lifetime. The bulk of the adoption of for non-commercial clients happened within my lifetime.
  2. National isn’t unique with this. Similar schemes have been tried across the world. They have proved to be an essentially useless amalgam between political will and market forces that to my eye appear to be designed to encourage unproductive cheating. They encourage politicians to reduce the costs to business and citizens through inflation and printing of carbon credits to the lowest common denominator – doing nothing.

53 comments on “Really buffering climate change ”

  1. Anon 1

    Pfft, earthquake insurance doesn’t pay out anyway, why trust the government with /another/ disaster fund? ACC’s a rip off too. Insurance is a scam. You can stick mandatory where the sun don’t shine, I wouldn’t trust the government – whomever is in power – with my /farts/.

    • One Anonymous Bloke 1.1

      You realise that Lprent’s proposal wouldn’t have you paying the government a cent, eh.

      • Anon 1.1.1

        EQC is mamdatory with house insurence, is supposed to cover natural disaster, and goes to the government. Lprents proposal is the same thing but goes to private insurers.. so basically privitisation. Either way, mandatory ain’t right.

  2. Sanctuary 2

    I quite like the idea of signalling the cost of climate change via insurance premiums.

    The big fly in the ointment for the reinsurance market – and something the Economist article (rather complacently IMHO) hasn’t considered is how gracefully the reinsurance industry will degrade under growing claims. That is, what will happens when climate change disasters DO impact heavily on the ability of private reinsurance market to make a profit?

    Rather than a graceful degrading via slowly rising premiums the more likely outcome in any capitalist model is sudden withdrawl from the market of the insurance companies. In this situation, the state will be left as the payer/insurer of last resort anyway, unless it wants to stand by and watch as regions and cities fail to recover from a disaster.

    So we might as well get the state involved early and build up an ACC type organisation that’ll drive good decisions via a compulsory insurance levy.

    • greywarshark 2.1

      We have heard of companies with big fairly static financial pools which withhold money gained from investment until they see something they consider worth buying out. There is no reason that the insurance companies would not follow the same pattern, as long as the value of their balances remains stable, it may be better to hold with no risk, than spend or invest in something that will definitely depreciate.
      Even the darlings of the financial market, the tech companies, are fighting to remain viable and can get competed out of their high place of star rating, in a couple of years.

      What we need is more inflation.! Inflation eats away at stored money and it goes down in value. At present we have queer inflation measures. There is the official one the CPI, and then there is the one involving the biggest expenditure most will make in their lifetime, housing, which is mostly excluded and is roaring away pumped regularly by government action. Yet wage and benefit rises are measured against the CPI. This is a very skewed approach to understanding our economic condition that helps the gummint wot makes the laws and deemed regulations and appoints the right-minded! well-schooled people into the vital positions to pull the levers of management.

      (But such people are really needed to be employed to press the buttons on the ground in Hawaii where a nuclear scare left the country pantless, or also when trading on the stockmarket so they don’t buy up $millions of trading bills of some sort in a mistake that cost a bank big from a moment of madness.)

    • Anon 2.2

      You EQC, which already exists?

    • Ed1 2.3

      Why would the reinsurance industry “degrade”? – there seems to be profit in reinsurance – “since the yields on alternative capital are poised to rise because of growth in reinsurance premiums.” Christchurch will have had am impact on premiums around the world, but as most people here are aware premiums genreally were lifted fairly quickly, and have only recently declined slightly. The companies that withdrew (or went broke) had too high a concentration in the areas most affected by claims, and/or not enough reinsurance. It would be possible to rely on insurance instead of regulation, but that just feeds overseas shareholders profits from a captive market. There is a point to building regulations and the approval process for new builds / alterations, and to the approval process that requires certain standards to be shown to be met. England has compulsory 3rd party car insurance – there is still competition, but its biggest effect is to encourage young drivers to buy low powered vehicles – insurance can cost as much as the vehicle. The electricity market in NZ is effectively compulsory for most people, although the ever-climbing prices are encouraging the use of solar power. Electricity providers have little control over product costs, hence the emphasis on cold-calling to get people to switch – choosing which escalator to take them ever-upwards but as sufficiently varying rates as to be able to pretend there are market forces working, while actually paying for the administrative costs of client churn.

      ACC and EQC can be and have in the past been well managed, but the Nat-led government consistently tried to reduce costs by reducing (statutory) benefits; health insurance companies do the same by changing terms and conditions as well as premiums. An insurance basis for regulation wil not cover the costs of “downstream” activities – for example Christchurch probably needs greater water treatment costs than it used to due to the actions of farmers higher up the water basin.

      • Sanctuary 2.3.1

        “…Why would the reinsurance industry “degrade”? – there seems to be profit in reinsurance…”

        I was speculating that the increasing incidence of climate related disasters means, ultimately, there will come a point in time where the world’s disaster insurance industry is no longer profitable.

        At that point, something akin to the GFC may occur as the result of a string of disasters – the entire system will simply cease to operate as brokers and reinsurers simply stop bidding on the insurance borses. In other words, the failure of the insurance industry is likely to be one day BAU, next day insurance catastrophe.

        The government, as the insurer of last resort, would then be forced to pick up the tab.

  3. Ad 3

    Motu did a quick summary of New Zealand’s institutions relevant to housing insurance and climate change, here:


    This note covers:
    – residential property insurance
    – EQC
    – issues with pricing climate-change sensitive insurance
    – estimating sea level risk,
    – a note on reinsurance, and
    – a bunch of references for further study.

    More a note than a proper paper, but it’s local.

    I liked this paper for the Harvard Business Review on how the insurance industry can prepare us for climate change:


  4. Bill 4

    I can’t quite see how this pans out Lynn.

    Insurers may well be “farming out” risk in much the same way as a small bookie will lay off a large bet to a bigger bookie ‘just in case’. And that works, but only up to a point that stays with the financial limits of the larger bookie

    Compulsory insurance and rising rates are going to hammer the poor. And many people already go without insurance because of the ongoing financial drain.

    I can foresee insurance (or some types) only applying to an ever richer cohort of society while the rest of us (I’ll most definitely be among that “us”) are left to the protection of hands clasped tight or whatever.

    And how does the whole thing translate into the physical world anyway? There’s a point in being reimbursed for a house, a road, a rail link, a pipe network or power distribution system when the need for rebuilds or repairs far outstrips our capacity to repair and rebuild?

    • Ad 4.1

      Compulsory insurance and rising premiums generally hammer property owners more directly. That’s the appropriate signal and the appropriate place to put the weight.

      That may also hammer renters in marginal properties by putting them up, which again is a blunt and necessary signal: move.

      Ratcheting up the premiums on coastal and floodplain property also has a fast effect on property values, which is the bluntest non-state way to shift owners away from danger.

      • Bill 4.1.1

        Yeah, I get all that.

        But move to where? And rebuild how? NZ’s infrastructure’s already creaking because of political neglect. And the remedies are set out on long time scales – time scales that likely take us well into a period of (not) dealing with unprecedented climate related damage.

        Insurance only works when things can be “put back”, no?

        • Ad

          No. It also works to replace elsewhere, depending on the policy.

          • Bill

            Put back, replaced – here, there or elsewhere – whatever. The point is that when climate related damage hits, there will be no putting back or replacing because we’ll lack the capacity to put back or replace.

            Even the woeful under-estimate of climate damage reckoned to be coming down the pipe-line, contained in the recent (formerly suppressed) climate report, is way beyond the coping capacity of NZ in terms of logistics.

      • Anon 4.1.2

        Dangerous propeties are already worth nothing, anyone who could afford to move – especially in chch – has already done so, or in the case of the rich already owns a safer property. So all you’ll do is punish people who can’t afford to leave anyway.

        • Ad

          It’s going to be a permanent cycle of “punishment’ then.
          Firth of Thames communities got a strong signal two weeks ago.
          Bay of Plenty are fully in the frame.
          Those is other low-lying areas are all going to make harder and harder choices.

      • Anon 4.1.3

        And how is it appropiate to punish people who aren’t part of the problem, and can’t do anything about it?

        • Ad

          Climate change is not fair.
          Insurance is not fair.
          Insurance simply reallocates risk.

          Fairness just isn’t a useful framing here.

    • lprent 4.2

      The point is that It is a cost on property in the short term for a medium term problem – increasing levels of extreme weather. As we all know, property owners including banks are risk averse.

      what I am interested in is to create a political lobby on current time who are interested in mitigating their own costs rather than simply passing the problem and costs down the generations.

      Incidentally I don’t know about anyone else. but the holders of my mortgage are really interested in me holding an insurance policy.

  5. Greg 5

    I can see a time when costal property owners are going to demand the the government buy them out the question is at what cost I would argue after last week’s storm costal property is worthless if you want live on the coast the risk is the property owners not the tax payer

    • Anon 5.1

      And what are you going to do with people who already can’t afford to leave their coastal property? Tent cities in CBDs?

      • One Anonymous Bloke 5.1.1

        That’s what the National Party would do, except they’d use water-cannons on the tents. There are other options.

      • Greg 5.1.2

        There mostly national party voters anyway so it’s no loss

        • Anon

          They will be now that’s for sure, good to know the left cares exactly as much as the right.

        • Gristle

          Hi Greg,

          The point is that as at-risk housing is identified and marked down in value, the people likely to occupy it in the future are the less wealthy, the working class. So your comment about them being national voters is not relevant.

      • lprent 5.1.3

        Aside from my qualms about people living in perilous living places geologically. I suspect that it would cause a cost incentive toward preemptive mitigation

        • Anon

          How exactly? Again, it means moving into a tent in the CBD.

          • Sam

            … Well… It’s the Warren Buffet style of investing… I mean what do you think insurance companies do with all those premiums? Put it in a vault and mutter mhuahahaha… No. It gets reinvested in to mutual funds and venture capital and other high low yield investments. Doing things like grow the fund by investing in growth industry. And I believe the young mans idea is to pump those funds into mitigating climate change which just so happens to have the greatest potential to grow of any industry…

            You know this stuff shouldn’t need to be said. If New Zealand’s brain power was sufficiently harnessed… If

          • greywarshark

            It’s people like you Anon, asking questions, thinking out problems and gathering some mass of informed citizens together that could make things happen that are not at present. So think it out with intelligent friends and locals, have some evening meetings with a beer afterwards or coffee, and get your brain working. Too much of last century and almost 2 decades of this have gone by under the representative political model. What is needed now in the new century is Participatory Democracy.

            We need this. We didn’t get effective, responsive government with the representative style.

            Then there is the grassroots townhall meetings system favoured by some Eastern USA states and here is a link relating to the Swiss ones.

            swissinfo.ch: Do you like the fact that the local politicians talk directly to the citizens during these town hall meetings?

            M.M.: Basically, yes. It’s good that the politicians are forced to justify their moves directly to their communities and that politics and the administration are closer to the people. Germany’s administration, for example, is far away from its people and treats them badly and derogatorily. I have worked in Germany myself. Letters from German tax offices do not have a spark of decency!

            It’s different in Switzerland, and I like it. Public offices are very helpful and quick. I once managed to obtain a form from a Swiss public office within ten minutes by mail. The German theatre director, for whom I got it, was so surprised that he was convinced that I had some sort of family relationship with the Swiss office. But all I did was ring the official in charge of my affairs

            So put your energies into going for better informed relationships with local government for a start, and see if you can work that up so we can finally get through to central government, and perhaps we can get rid of the time-servers faster. We might even put a limit on the number of times that pollies can serve, and end the comfortable sinecure of someone who just keeps smiling at the right people to get the right number of electorate votes.

            Something here that you could get your teeth into, if they aren’t false ones.

            • cleangreen

              100% greywarshark,

              Our young are our future and we need to help them finally to get ‘engaged’ as we oldies have tried for decades and our voice is diminishing so while we can we must help the young to pick up the candle and run with it.

              United we stand divided we fall.

              • greywarshark

                Yes, pleasure to read your stuff. Of course I don’t agree with you all the time. Feel free to give me your opinions when you feel they need some tidying up!

    • Macro 5.2

      To a large extent the Govt is responsible when property owners suffer because of extreme weather events that are increasing in frequency and severity due to AGW. Govts have known about AGW since at least 1988 when Dr James Hansen briefed the US Senate, and the majority of Govts formed the United Nations Framework Convention on Climate Change (UNFCCC) in 1992, which led into the Kyoto Protocol in 1997. All these international agreements are supposedly where Governments commit to dealing with increasing GHG emissions. Of course – quick as a flash – all these commitments were kicked down the road – reports were sat on – and nothing happened. Unfortunately, the politicians who were irresponsible in their inaction are mostly gone – leaving the impending disasters to later generations. Nevertheless the inaction of Government does not excuse them from carrying much of the blame. Stronger policies in the past and better education could well have prevented the poor decision making of local governments (who rely in central govt for advice) developers and buyers from investing in coastal property.
      The inaction of Nick Smith for instance – who sat on a report for over a year – which highlighted that impending SLR will be far greater than the previous predictions of 2005, is just one example – and he (if anyone) should be held culpable for properties being build now based on projected SLR of Tonkin and Taylor Reports before 2016.

  6. Paul Campbell 6

    why don’t we treat climate change insurance in a similar manner as ACC, except that this case we ding the largest carbon emitters with the largest fees to – that way some of the externalities of the processes come home to bite …. want to burn coal or gas to make electricity? you have to pay for the long term costs up front

    • Anon 6.1

      Why don’t we just go carbon tax?

      • Paul Campbell 6.1.1

        yes but let’s set it based on perceived consequences – for example “we’re going to tax carbon use to pay for it’s costs, we’ll use the money to buy out beachfront property at today’s valuations inflation adjusted, to built dykes and levees to protect low lying residential areas, to provide mitigation to flood risks, etc etc ….”

        • Pat

          Couple of reports worth reading and applying some simple arithmetic to…

          “Housing is a major capital asset with a replacement value of approximately $150 billion (in 2001 NZ dollars).
          The value of non-residential buildings is smaller but still significant at approximately $70 billion. This is
          followed by civil engineering structure (roads, bridges, other transport faculties, water/sewage/waste disposal,
          Telecom and energy infrastructure) at $50 billion. …”


          “How much money is involved?
          After Negotiated Greenhouse Agreements are accounted for, the carbon tax is expected to raise approximately $360M per year. The details of how the Government will recycle this revenue back into the economy will be announced as part of the business tax package in the 2005 Budget.”


          Time …..

  7. Pat 7

    “RMS isn’t alone. In June, the Geneva Association, an insurance industry research group, released a report (PDF) outlining evidence of climate change and describing the new challenges insurance companies will face as it progresses. “In the non-stationary environment caused by ocean warming, traditional approaches, which are solely based on analyzing historical data, increasingly fail to estimate today’s hazard probabilities,” it stated. “A paradigm shift from historic to predictive risk assessment methods is necessary.”
    Read more: https://www.smithsonianmag.com/science-nature/how-the-insurance-industry-is-dealing-with-climate-change-52218/#oS8FpWXSYz2rXUEU.99

    Its a model that will be unable to cope with a significantly increased claim ratio….as the premiums rise and the excesses increase the pool to spread the risk will decrease….never mind the (in)capacity to replace….the same issues arise with a fully public model (i,e ACC)

    As has been foreshadowed by the response to the ChCh quakes there will be an inequitable response as long as any response is possible …then SFA

    • Pat 7.1

      “It’s not an insurer’s job to signal long-term risks to policy-holders, Grafton says. That kind of planning is up to property owners and their banks. “Let’s not look to the entity that is underwriting for the next 12 months to solve the problem, because it isn’t our problem to solve,” he says. “Insurance has never been for the life of a house, it is always renewed on an annual basis.”


      A timely article at Newsroom

      • lprent 7.1.1

        This is a signal from legislation to insurers and property owners

        • Pat

          id suggest it is more a signal from the insurance industry to politicians via the voting public

        • Gristle

          Do you think that it time for legislation to be enacted that removes the ability of land owners etc to sue the LA’s for effects caused to them by sea level rise, storms etc.

          At the same time new developments have to provide evidence of survivability (to xyz standard) for a defined period, eg 100 years. Houses are required to be designed and built with a minimum 50 year life. Surely the access and land of a new build should have some sort of similar requirement that goes back to the developer.

          • Draco T Bastard

            Do you think that it time for legislation to be enacted that removes the ability of land owners etc to sue the LA’s for effects caused to them by sea level rise, storms etc.

            Yes. They took the risk knowing that the land could become inundated.

          • Macro

            Surely the access and land of a new build should have some sort of similar requirement that goes back to the developer.

            Essentially it does.
            Developers however will rely on reports that look at the lower levels of risk rather than the higher levels and argue on these risk factors that a development meeting those requirements should go ahead. Having completed the development they will then hope to pass the risk on to unsuspecting buyers as quickly as possible. It’s the buyers risk now. Had they undertaken due diligence they probably would not buy. But then the information is difficult to access – and can even be withheld.
            see: https://www.newsroom.co.nz/2017/12/11/67390/drowning-dreams-72-new-houses-on-man-made-canals
            In particular the exchange with Gloria Humphries.

            • Pat

              ultimately any development requires TA approval…however even should liability sit with the developer a simple winding up of the company removes the possibility of remedy for affected parties

    • greywarshark 7.2

      You make good point. SFA is what I am afraid of. Someone further up the comments talks about politicians sliding nasty reports to their bottom drawers rather than act on them while they are in power. They get their emoluments and gongs and off they go, leaving the increasing difficulties for someone else.

      The pollies in NZ announced solemnly that they had to make ACC fully paid up in the present to match future liabilities for long term clients. Then they play around with it and decrease its availability, so get the money, then run for touch pushing off the clients who don’t match the exact criteria set.

      But acting now for the future in other areas of importance particularly relating to climate change and disasters, where people are likely to be even needier. – that’s a different matter. We need to have a Disaster Fund started, alongside keeping the Superannuation Fund alive.

      And put some of it into training people to recognise problems, how to manage survival, how to cope when a lifetime’s housing investment is swept away and people are told there is no way they can be reimbursed for it, and will have to settle for a plain dwelling of a simple sort and count themselves lucky if they are near their preferred location with amenities available.

      • Pat 7.2.1

        I have some sympathy for those politicians (cant believe i said that)….as was demonstrated recently in ChCh (and similarly Kapiti I believe) any attempt by TAs to send the correct message re risk is met with organised challenge (often legal) by property owners concerned about property values….in many instances i suspect to enable an onsell of the risk….it is a problem I see no solution to, as an equitable solution is political suicide so I suspect we will muddle along and as time goes by more and more will gradually lose any equity they once had and carry the cost, there will be some noise made ( and those with the means will make use of the courts, not necessarily successfully) but the majority will just thank their lucky stars its not them….there is ample precedent

  8. Macro 8

    Interesting post Lynn. Ive been following Re Insurance and their work wrt to CC for a number of years now and have always found them to be realistic as to the escalating costs and to the continued probability for Insurance to continue to pick up the pieces. I commented on another tread on this here:
    They said then

    Adaptation through adequate sea defences and the management of the residual risk is essential. While the insurance industry is an important contributor to the absorption of volatile risk, it cannot address the challenges of climate change alone: To tackle this, a public-private partnership will be indispensable. Beyond traditional insurance, Swiss Re can contribute through alternative forms of risk transfer to absorb highly volatile losses.

    my bold

  9. eco maori 9

    I see Iprents point the insurance on coastal/vonlrable properties will cost so much that any capital gains made by the investment will be spent on insurance. In his theory the insurance company will lobby the state to stop the building on flood prone land and lobby the state to charge for the cost of carbon emissions. I don’t like state insurance they keep moving the goal post on the people.

    national have committed a major sin against the 99% buy ignoreing climate advice they had over the last 9 years this tells me that shonky key did not give a shit. I worked for the biggest houseing site development company in Tauranga we just filled in creaks compacted it down the priscription requirements that did not acount for rising sea leaves this is a catastrophe waiting to happen the septic system cannot keep up with all the new houses and noor can the water system. It’s all our retired people who have brought these houses a lot with the water table 4 feet blow the concrete floors they will be stuffed when it floods how many other sites are like this I thought that in flood prone houses you used piles that are more suitable for flood prone problems and if need be you put it on a truck and move the houses try putting a house with a concrete floor on a truck it you used long piles ramed in about 4 metres this compact and stablelise the site never seen any of that type of houses been built. I seen the council man he looked a bit shady these people don’t care who is burn by there shoddy regulations this problem needs to be urgently remedy. Ka kite ano

  10. jcuknz 10

    For those who suggest it does not matter as it is the rich pricks who own houses … do not forget the rich pricks who want to preserve their saving in rental properties in the suggested climate will again put up the cost of renting …. so it affects everybody owner or renter or using a tent in the town square.

    Once again I have reason to thank my lucky stars I have probably under fifteen more years to live … but then I think of my son and his child. I fully own my house which is ten metres above SHWM … but access is barely above SHWM in both directions. So it is a serious problem for me, and for years I have worried about the foolish council permiting building and renovating properties within the reach of the sea. Dykes are not an answer because the water level normally is just cm below those properties and simply swells up with the sea.

  11. Richard@Downsouth 11

    Yesterday was the hottest temperature on record in Invercargill… 32.3c

    Not that hot for some people, but pretty damned hot for down here…

  12. cleangreen 12

    Excellent article iprent.

    Keep the iron to the fire.

    Labour coalition needs to hear our combined ‘call to arms’ to tackle ‘climate change’
    and set about to ‘arrest the advance of effects’ of our ‘nuclear moment’ the PM Jacinda Ardern said is the number one issue of our time.’

Recent Comments

Recent Posts

  • Pacific mental wellbeing supported across Auckland and Wellington
    Pacific people in New Zealand will be better supported with new mental health and addiction services rolling out across the Auckland and Wellington regions, says Aupito William Sio.  “One size does not fit all when it comes to supporting the mental wellbeing of our Pacific peoples. We need a by ...
    BeehiveBy beehive.govt.nz
    3 hours ago
  • Fresh approach proposed to Smokefree 2025
    New measures are being proposed to accelerate progress towards becoming a smokefree nation by 2025, Associate Minister of Health Dr Ayesha Verrall announced. “Smoking or exposure to second-hand smoke kills around 12 people a day in New Zealand. Recent data tells us New Zealand’s smoking rates continue to decrease, but ...
    BeehiveBy beehive.govt.nz
    3 hours ago
  • Govt expands Mana Ake to provide more school-based mental wellbeing support
    More children will be able to access mental wellbeing support with the Government expansion of Mana Ake services to five new District Health Board areas, Health Minister Andrew Little says. The Health Minister made the announcement while visiting Homai School in Counties Manukau alongside Prime Minister Jacinda Ardern and Associate ...
    BeehiveBy beehive.govt.nz
    4 hours ago
  • Record Number of People Move Into Work
    The Government’s COVID-19 response has meant a record number of people moved off a Benefit and into employment in the March Quarter, with 32,880 moving into work in the first three months of 2021. “More people moved into work last quarter than any time since the Ministry of Social Development ...
    BeehiveBy beehive.govt.nz
    4 hours ago
  • Significant global progress made under Christchurch Call
    A stocktake undertaken by France and New Zealand shows significant global progress under the Christchurch Call towards its goal to eliminate terrorist and violent extremist content online.  The findings of the report released today reinforce the importance of a multi-stakeholder approach, with countries, companies and civil society working together to ...
    BeehiveBy beehive.govt.nz
    23 hours ago
  • New chair of interim TAB NZ Board appointed
    Racing Minister Grant Robertson has announced he is appointing Elizabeth Dawson (Liz) as the Chair of the interim TAB NZ Board. Liz Dawson is an existing Board Director of the interim TAB NZ Board and Chair of the TAB NZ Board Selection Panel and will continue in her role as ...
    BeehiveBy beehive.govt.nz
    24 hours ago
  • Government to phase out live exports by sea
    The Government has announced that the export of livestock by sea will cease following a transition period of up to two years, said Agriculture Minister Damien O’Connor. “At the heart of our decision is upholding New Zealand’s reputation for high standards of animal welfare. We must stay ahead of the ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Workshop on Lethal Autonomous Weapons Systems – opening remarks
    WORKSHOP ON LETHAL AUTONOMOUS WEAPONS SYSTEMS Wednesday 14 April 2021 MINISTER FOR DISARMAMENT AND ARMS CONTROL OPENING REMARKS Good morning, I am so pleased to be able to join you for part of this workshop, which I’m confident will help us along the path to developing New Zealand’s national policy on ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Inter-prison kapa haka competition launched
    For the first time, all 18 prisons in New Zealand will be invited to participate in an inter-prison kapa haka competition, Corrections Minister Kelvin Davis announced today. The 2021 Hōkai Rangi Whakataetae Kapa Haka will see groups prepare and perform kapa haka for experienced judges who visit each prison and ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Government takes step forward on counter terrorism laws
    The Government has introduced the Counter-Terrorism Legislation Bill, designed to boost New Zealand's ability to respond to a wider range of terrorist activities. The Bill strengthens New Zealand’s counter-terrorism legislation and ensures that the right legislative tools are available to intervene early and prevent harm. “This is the Government’s first ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Carbon neutral government a step closer
    Coal boiler replacements at a further ten schools, saving an estimated 7,000 tonnes of carbon dioxide over the next ten years Fossil fuel boiler replacements at Southern Institute of Technology and Taranaki DHB, saving nearly 14,000 tonnes of carbon dioxide over the next ten years Projects to achieve a total ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Appointment of Chief Parliamentary Counsel
    Attorney-General David Parker today announced the appointment of Cassie Nicholson as Chief Parliamentary Counsel for a term of five years. The Chief Parliamentary Counsel is the principal advisor and Chief Executive of the Parliamentary Counsel Office (PCO).  She is responsible for ensuring PCO, which drafts most of New Zealand’s legislation, provides ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Emissions report shows urgent action needed
    Every part of Government will need to take urgent action to bring down emissions, the Minister for Climate Change, James Shaw said today in response to the recent rise in New Zealand’s greenhouse emissions. The latest annual inventory of New Zealand’s greenhouse gas emissions shows that both gross and net ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • NZ becomes first in world for climate reporting
    Commerce and Consumer Affairs Minister David Clark says Aotearoa New Zealand has become the first country in the world to introduce a law that requires the financial sector to disclose the impacts of climate change on their business and explain how they will manage climate-related risks and opportunities. The Financial ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Awards celebrate the food and fibre sector employer excellence
    Exceptional employment practices in the primary industries have been celebrated at the Good Employer Awards, held this evening at Parliament. “Tonight’s awards provided the opportunity to celebrate and thank those employers in the food and fibres sector who have gone beyond business-as-usual in creating productive, safe, supportive, and healthy work ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Tourism Infrastructure Fund now open
    Applications are now invited from all councils for a slice of government funding aimed at improving tourism infrastructure, especially in areas under pressure given the size of their rating bases. Tourism Minister Stuart Nash has already signalled that five South Island regions will be given priority to reflect that jobs ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Construction Skills Action Plan delivering early on targets
    The Construction Skills Action Plan has delivered early on its overall target of supporting an additional 4,000 people into construction-related education and employment, says Minister for Building and Construction Poto Williams. Since the Plan was launched in 2018, more than 9,300 people have taken up education or employment opportunities in ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Youth Justice residence offers new pathway
    An innovative new Youth Justice residence designed in partnership with Māori will provide prevention, healing, and rehabilitation services for both young people and their whānau, Children’s Minister Kelvin Davis announced today.  Whakatakapokai is located in South Auckland and will provide care and support for up to 15 rangatahi remanded or ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • The Duke of Edinburgh
    Prime Minister Jacinda Ardern today expressed New Zealand’s sorrow at the death of His Royal Highness The Prince Philip, Duke of Edinburgh. “Our thoughts are with Her Majesty The Queen at this profoundly sad time.  On behalf of the New Zealand people and the Government, I would like to express ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Five Country Ministerial Communiqué
    We, the Home Affairs, Interior, Security and Immigration Ministers of Australia, Canada, New Zealand, the United Kingdom and the United States of America (the ‘Five Countries’) met via video conference on 7/8 April 2021, just over a year after the outbreak of the COVID-19 global pandemic. Guided by our shared ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Inspiring creativity through cultural installations and events
    Arts, Culture and Heritage Minister Carmel Sepuloni has today announced the opening of the first round of Ngā Puninga Toi ā-Ahurea me ngā Kaupapa Cultural Installations and Events. “Creating jobs and helping the arts sector rebuild and recover continues to be a key part of the Government’s COVID-19 response,” Carmel ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Drug-testing law to be made permanent
    Interim legislation that is already proving to keep people safer from drugs will be made permanent, Health Minister Andrew Little says. Research by Victoria University, on behalf of the Ministry of Health, shows that the Government’s decision in December to make it legal for drug-checking services to operate at festivals ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Better rules proposed for freedom camping
    Public consultation launched on ways to improve behaviour and reduce damage Tighter rules proposed for either camping vehicles or camping locations Increased penalties proposed, such as $1,000 fines or vehicle confiscation Rental companies may be required to collect fines from campers who hire vehicles Public feedback is sought on proposals ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Government backs Air New Zealand as Trans-Tasman bubble opens
    The Government is continuing to support Air New Zealand while aviation markets stabilise and the world moves towards more normal border operations. The Crown loan facility made available to Air New Zealand in March 2020 has been extended to a debt facility of up to $1.5 billion (an additional $600 ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Building gifted for new community hub in Richmond red zone
    Christchurch’s Richmond suburb will soon have a new community hub, following the gifting of a red-zoned property by Land Information New Zealand (LINZ) to the Richmond Community Gardens Trust. The Minister for Land Information, Damien O’Connor said that LINZ, on behalf of the Crown, will gift a Vogel Street house ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Pacific languages funding reopens
      Minister for Pacific Peoples Aupito William Sio says the reopening of the Ministry for Pacific Peoples’ (MPP) Languages Funding in 2021 will make sure there is a future for Pacific languages. “Language is the key to the wellbeing for Pacific people. It affirms our identity as Pasifika and ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • ERANZ speech April 2021
    It is a pleasure to be here tonight.  Thank you Cameron for the introduction and thank you for ERANZ for also hosting this event. Last week in fact, we had one of the largest gatherings in our sector, Downstream 2021. I have heard from my officials that the discussion on ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Strengthening Māori knowledge in science and innovation
    Research, Science and Innovation Minister Megan Woods has today announced the 16 projects that will together get $3.9 million through the 2021 round of Te Pūnaha Hihiko: Vision Mātauranga Capability Fund, further strengthening the Government’s commitment to Māori knowledge in science and innovation.  “We received 78 proposals - the highest ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Government delivers next phase of climate action
    The Government is delivering on a key election commitment to tackle climate change, by banning new low and medium temperature coal-fired boilers and partnering with the private sector to help it transition away from fossil fuels. This is the first major announcement to follow the release of the Climate Commission’s ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Continued investment in Central Otago schools supports roll growth
    Six projects, collectively valued at over $70 million are delivering new schools, classrooms and refurbished buildings across Central Otago and are helping to ease the pressure of growing rolls in the area, says Education Minister Chris Hipkins. The National Education Growth Plan is making sure that sufficient capacity in the ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Two more Christchurch schools complete
    Two more schools are now complete as part of the Christchurch Schools Rebuild Programme, with work about to get under way on another, says Education Minister Chris Hipkins. Te Ara Koropiko – West Spreydon School will welcome students to their new buildings for the start of Term 2. The newly ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Independent experts to advise Government on post-vaccination future
    The Government is acting to ensure decisions on responding to the next phase of the COVID-19 pandemic are informed by the best available scientific evidence and strategic public health advice. “New Zealand has worked towards an elimination strategy which has been successful in keeping our people safe and our economy ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Supporting Māori success with Ngārimu Awards
    Six Māori scholars have been awarded Ngārimu VC and the 28th (Māori) Battalion Memorial scholarships for 2021, Associate Education Minister and Ngārimu Board Chair, Kelvin Davis announced today. The prestigious Manakura Award was also presented for the first time since 2018. “These awards are a tribute to the heroes of the 28th ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Global partnerships propel space tech research
    New Zealand’s aerospace industry is getting a boost through the German Aerospace Centre (DLR), to grow the capability of the sector and potentially lead to joint space missions, Research, Science and Innovation Minister Megan Woods has announced. 12 New Zealand organisations have been chosen to work with world-leading experts at ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Government backs more initiatives to boost food and fibre workforce
    The Government is backing more initiatives to boost New Zealand’s food and fibre sector workforce, Agriculture Minister Damien O’Connor announced today. “The Government and the food and fibres sector have been working hard to fill critical workforce needs.  We've committed to getting 10,000 more Kiwis into the sector over the ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Minister welcomes Bill to remove Subsequent Child Policy
    Minister for Social Development and Employment Carmel Sepuloni has welcomed the first reading of the Social Security (Subsequent Child Policy Removal) Amendment Bill in the House this evening. “Tonight’s first reading is another step on the way to removing excessive sanctions and obligations for people receiving a Main Benefit,” says ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Mental Health Amendment Bill passes first reading
    The Government has taken a significant step towards delivering on its commitment to improve the legislation around mental health as recommended by He Ara Oranga – the report of the Government Inquiry into Mental Health and Addiction, Health Minister Andrew Little says. The Mental Health (Compulsory Assessment and Treatment) Amendment ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Whenua Māori Rating Amendment Bill passes third reading
    Local Government Minister Nanaia Mahuta has welcomed the Local Government (Rating of Whenua Māori) Amendment Bill passing its third reading today. “After nearly 100 years of a system that was not fit for Māori and did not reflect the partnership we have come to expect between Māori and the Crown, ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Trans-Tasman bubble to start 19 April
    New Zealand’s successful management of COVID means quarantine-free travel between New Zealand and Australia will start on Monday 19 April, Prime Minister Jacinda Ardern announced today. Prime Minister Jacinda Ardern and COVID-19 Response Minister Chris Hipkins confirmed the conditions for starting to open up quarantine free travel with Australia have ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Ngāti Hinerangi Claims Settlement Bill passes Third Reading
    Minister for Treaty of Waitangi Negotiations Andrew Little welcomed ngā uri o Ngāti Hinerangi to Parliament today to witness the third reading of their Treaty settlement legislation, the Ngāti Hinerangi Claims Settlement Bill. “I want to acknowledge ngā uri o Ngāti Hinerangi and the Crown negotiations teams for working tirelessly ...
    BeehiveBy beehive.govt.nz
    1 week ago