Video | Business Headlines | Internet | Science | Scientific Ethics | Technology | Search


EQC to Fund an Annual $3 Million Boost to GeoNet

News Release
27 June 2005

EQC to Fund an Annual $3 Million Boost to Geological Monitoring System

The Earthquake Commission's commitment of an extra $3 million a year to GeoNet, New Zealand's geological hazard monitoring system, will improve the country's ability to recover from major natural disasters, says Commission Chairman Neville Young.

The increase in funding was announced by the Minister of Finance Michael Cullen in Wellington today.

"The collaboration between the Commission and Geological and Nuclear Sciences (GNS), which runs the system, has been an excellent example of how two government organisations can work together for the benefit of the whole country," Mr Young said.

Since 2001, GeoNet has received $5 million a year from the Commission and while this funding has greatly improved the ability of scientists to monitor and understand the nature of geological activity in New Zealand, there remain areas of the country which require greater coverage.

"The extra funding will improve further New Zealand's readiness and ability to respond to an emergency," Mr Young said.

"Improved preparation makes for a quicker and less costly recovery from a major earthquake or volcanic eruption."

GNS Chairman Con Anastasiou said the dangers New Zealanders face from earthquakes, volcanic eruptions, and tsunamis are much greater than the experience of the last six decades would indicate.

" A fully complete network of instruments and an enhanced modern data centre will provide planners, emergency managers and researchers with essential insights into New Zealand's geological hazards and risk while at the same time providing quick and accurate information during emergencies."

The director of the Ministry of Civil Defence & Emergency Management, John Norton, says that the Ministry has been a strong advocate for the increased funding and has supported the GeoNet concept from its inception.

"The GeoNet information is critical both for real-time monitoring as an event occurs and for hazard information to inform risk reduction initiatives."


© Scoop Media

Business Headlines | Sci-Tech Headlines


BusinessDesk: Body massages and Uber are in, DVDs are out, says Stats NZ

Statistics New Zealand has rejigged the consumers price index basket in its latest three-year review, adding body massages, Airbnb and Uber and removing DVD and Blu-Ray players…More>>


StuffMe: Commerce Commission Welcomes Dismissal Of Merger Appeal

In a summary of their judgment released today, Justice Dobson and lay member Professor Martin Richardson dismissed the appellants’ process criticisms and found the Commission was entitled to place significant weight on the prospect of reduced quality of the products produced by the merged entity. More>>


Digital Futures: New Chief Technology Officer Role Created

Communications Minister Clare Curran has called for expressions of interest for the new role of Chief Technology Officer position to help drive a forward-looking digital agenda for New Zealand. More>>

Real Estate: NZ house sales slump in December but prices still firm

The number of property sales across New Zealand slumped 10 percent in December from a year earlier but prices continued to lift, according to the Real Estate Institute. More >>


Dry: Beef + Lamb Launches Drought Resources

The resources include a fact sheet outlining strategies to manage and mitigate the effects of drought, coping with stress on the farm and advice on feed requirements and animal welfare during the dry period. More>>


InternetNZ: Net Neutrality Failure In US "Will Hurt All Users"

InternetNZ Chief Executive Jordan Carter has condemned the decision by the United States communications regulator to undo 2015 open Internet rules, warning that all Internet users will end up worse off as a result. More>>