Sailing in the rising tide | Exclusive News

From extreme weather events to deteriorating air quality, from diminishing biodiversity to rising sea levels, climate change is set to be a major policy challenge for Aotearoa in the coming decades.

New Zealand’s economy – perhaps more than others – is intimately linked to the climate and Aotearoa must combat climate change through the power of location-based technology.

Climate change is a systemic risk that must be addressed now, with a climate future closely tied to Antarctica and the Southern Ocean, and an economy still heavily dependent on agricultural production and an array of coastal cities.

With new government regulations changing the way our financial sector must manage environmental risks, the tech sector is hosting a vital online event on the issues on June 22.

LocationTech and InsurTech, two associations within the NZTech Alliance, bring together industry experts to discuss the threat of sea level rise and its impact on the insurance and banking sectors and how tracking technology could be a solution.

Developing climate-smart strategies is no small feat. Location technology is an indispensable tool for reporting, mitigating and managing environmental risks and impacts.

Technology is key to the New Zealand economy and the dynamic sector is the fastest growing industry in New Zealand. It has grown 30% faster than the economy as a whole.

The tech sector can also help foster a diverse, forward-looking and resilient economy, said NZTech chief executive Graeme Muller.

“The Minister for the Digital Economy and Communications, Dr David Clark, has opened the discussion to ensure that all New Zealanders have a say in creating a digital strategy for Aotearoa report last year.

“Every sector of Aotearoa’s global economy needs to be transformed and climate technology is key to achieving this goal.

“The world has 10 years to halve global greenhouse gas emissions. By 2050, the world must reach net zero to avoid global warming above 1.5°C.

Muller says climate technology includes renewable energy such as wind, solar and hydroelectric power; innovations in food and agriculture; green mobility – from scooters to cars to cargo.

“Climate technology is seen as the new frontier for venture capital: besides innovation in energy and agriculture, innovation in finance is needed.”

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