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Economic impacts on NZ of climate change-related extreme events: Focus on freshwater floods

Publication date:  July 2004
Publication reference number:  No number

In early 2004, the Ministry commissioned the New Zealand Institute of Economic Research to write a report on the economic impacts of climate change and to identify critical data gaps and options to overcome them. This report provides recommendations on how to better understand the economic impacts in New Zealand of climate change-related extreme events.

The report focuses on New Zealand flood events, and presents a framework in which such events may be assessed in terms of economic costs. By comparing the cost of past events with the costs of possible future events occurring under hypothesised climate change scenarios, this work provides the basis for estimating future costs of climate change.