Property Value Under Climate Change
As featured in
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Belinda Storey
MANAGING DIRECTOR
Belinda is a Senior Research Fellow at the New Zealand Climate Change Research Institute, where she conducts research on the impact of extreme events on infrastructure, real estate, banking and insurance. As Managing Director of Climate Sigma, Belinda developed the “climate leases” model for valuing property under climate change and in 2017 coined the term “insurance retreat”.
Belinda Storey is Managing Director of Whakahura: Extreme Events and the Emergence of Climate Change, a five-year, $10M research programme funded by MBIE. She is a director of State-Owned Enterprise Pāmu/Landcorp and was a member of XRB’s External Advisory Panel on Climate-related Financial Disclosures. She is an advisor on the property and construction sector scenario development, led by the NZ Green Business Council.
In May 2022 Belinda was named Wellingtonian of the Year for Science and Technology in recognition of her work in pricing climate risk.
Latest News
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Rebuild or relocate? Climate crisis leaves New Zealand coastal communities facing tough choice
The Guardian
Our managing director Belinda Storey emphasises the importance of assessing your physical climate risk when building in coastal areas.
Meaning there now is a time-stamp of 'safe use' on assets for the next, say, 20, 40 or 100 years, depending on the risk to the site.
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Longterm leases to ease pain of forced climate retreat
Newsroom
Large-scale, climate change-related relocation of people from the coast and flood-prone areas is inevitable, according to a panel of experts. Politicians must make tough decisions on when people have to abandon their homes, and how to compensate them.
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Time to failure: Building to withstand climate change
RNZ
Questions are being asked about how well our infrastructure can weather climate change. Climate economist based at Victoria University of Wellington, Belinda Storey is Principal Investigator…
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New Zealand Homebuyers in Denial as Beach Allure Beats Rising Oceans
Bloomberg
New Zealand’s dramatic coastline is hugged by some of the nation’s most expensive real estate — properties that show no sign of losing their value even as sea levels rise, flooding increases and insurance retreat begins.
