Assessing the economic benefits of space weather mitigation investment decisions: Evidence from Aotearoa New Zealand
This study presents the first dedicated economic assessment of geomagnetic storm impacts on Aotearoa New Zealand, demonstrating that targeted mitigation strategies for power grid vulnerabilities can yield substantial economic benefits, with benefit-cost ratios reaching up to 330:1, thereby strongly justifying pre-emptive investment to avoid potential GDP losses of up to 0.98%.