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Is your property a climate change hot potato?
When the Facts Change
When the Facts Change
Landowners will have to decide how much information is out there, potentially on the land information memorandum. More than a decade ago, capety coast tried to put climate change information on their limbs for coastal properties - landowners fought it in court and got them scrubbed off. And who's going to pay when the value of the property that you've just pumped your money into and are relying on, maybe for your retirement? This week we talk to james shaw, the climate change minister, about the climate adaptation plan the government's working on.
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Speaker 3
And during the sale process, if you are to try and
Speaker 2
flick the potato on, flick on your property to someone else. How much information is out there, potentially on the land information memorandum, the limb
Speaker 3
to make that decision, a decision that bankers, jurors and others will make. Because we've sort of been here before, actually, more than a decade ago, capety coast tried to put climate change information on their limbs for coastal properties, and
Speaker 2
the landowners fought it in court and got them scrubbed off. This week on when the facts change, wea talk to james shaw, the climate change minister, about
Speaker 3
the climate adaptation plan the government's working on, which will go into legislative form over the next year or so, and will create a lot of the music in this game of past the parcel, for example,
Speaker 6
the data sets and the modelling which
Speaker 3
will show which properties are
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bankable and insurable, and
Speaker 3
when, also whether or not and when counsels are
Speaker 2
able to put that information on to a land inform memorandum. And
Speaker 3
then, of course, what counsels and the government will do. And who will pay for the new sea wall, or a decision to retreat, to move that property? Who's going to pay when the value of the property that you've just pumped
Speaker 2
your money into and
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are relying on, maybe for your retirement. Who
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is going to compensate you?
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Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode