From Hauraki Gulf Forum Co-Chairs Toby Adams and Nicola MacDonald. Sounds technical? It is. But it’s important. Traditionally in New Zealand when infrastructure fails, we would price the repair and replacement, and potentially the inconvenience, but then shrug our shoulders when it comes to pricing any associated impacts around natural capital. That traditional approach leads to two poor outcomes. First, we end up under-valuing the natural environment. Second, we end up under-investing in resilient local infrastructure. On 27 September this year, a sinkhole opened-up in the Gulf-side Auckland suburb of Parnell. Attributed in part to climate impacts from s
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