This report has been jointly produced by the New Zealand Treasury and the Ministry for the Environment.

This report brings together information on the economic and fiscal implications of climate change and New Zealand’s response to it. The costs of climate change will be large and felt unevenly across different sectors and groups of society. The choices made by governments, businesses and households, domestically and internationally, will all influence how the impacts of climate change play out.

The purpose of the assessment is to help decision-makers across the public and private sectors identify and manage the risks and opportunities of physical climate change and New Zealand’s transition to a low-emissions and climate-resilient future.