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New Zealand’s next government must tackle rising natural hazard risks

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New Zealand’s next government faces critical decisions on natural hazards, a challenge that transcends election cycles. The country’s geography exposes it to floods, earthquakes, wildfires, and other disasters, with climate change and development increasing risks. The 2023 Auckland floods alone caused over NZ$2 billion in insured losses, highlighting the substantial economic and social costs.

Despite advancements in hazard science and mapping, New Zealand continues to develop in high-risk areas. For example, South Auckland’s fast-tracked development on flood-prone land has raised concerns, with Auckland Council and others challenging the decision. The government has already committed NZ$1.25 billion to buy properties deemed too dangerous to inhabit, underscoring the need for stronger policy to direct growth away from hazard-prone zones.

Investing in resilience is crucial, as every dollar spent on prevention can save eight in avoided losses. However, sustained funding for resilience efforts remains a challenge. Reports from insurer IAG and the Climate Change Commission warn that risk management is lagging behind increasing hazards. The next government must prioritize long-term decisions to protect communities and manage liabilities effectively.

While natural hazards may not dominate the current election campaign, the choices made will have lasting impacts. The next government will determine the levels of risk and preparedness New Zealand faces, shaping the country’s resilience for decades to come.

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