Managed retreat compensation packages recommended

Some properties at Muriwai will not be safe to live in again. (Image: Getty)

Tue, 15 Aug 2023

A report from an expert group has recommended homeowners, landlords and commercial property owners are compensated for managed retreat related to climate change based on avoiding hardship.That focus means the owners of holiday homes would, in general, receive nothing beyond demolition and cleanup costs if they had to be abandoned.The Expert Working Group on Managed Retreat report was released on Aug 15, along with a Ministry for the Environment (MfE) report that explores the options for managed retreat. It was tasked with designing a manag...

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