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."

ENDS


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

SMC Expert Reaction: Record Dry Spells And Effects On Forests

With no rain forecast before Sunday, Auckland is about to break a record for the city's longest dry spell. Niwa says Auckland is likely to hit 40 consecutive days without rain this weekend . The upper North Island is seeing severe meterological ... More>>

ALSO:

Reserve Bank: Official Cash Rate Remains At 1.0 Percent

The Monetary Policy Committee has decided to keep the Official Cash Rate (OCR) at 1.0 percent. Employment is at or slightly above its maximum sustainable level while consumer price inflation is close to the 2 percent mid-point of our target range. ... More>>

ALSO:

Research: Climate Change Throws Tree Seeding Out Of Sync – New Study

Climate change is negatively affecting tree reproduction by throwing seed production systems out of synchronisation, according to a new international study co-authored by a University of Canterbury scientist. Many tree species worldwide produce large ... More>>

ALSO:


Science Media Centre: Novel Coronavirus Detected In China – Expert Reaction

The virus was detected after more than 40 people were hospitalised with pneumonia in Wuhan City, China and the outbreak traced to a large animal and seafood market. The Centers for Disease Control and Prevention reports that person-to-person transmission ... More>>

ALSO:

Science Media Centre: Flooding could release toxic gas – Expert Reaction

A chemical substance known as ouvea premix stored at an old paper mill in Mataura could release toxic ammonia gas if it comes in contact with water.More>>

ALSO: