Visionary Solution for Homes at Risk of Natural Hazards
A new financial and land use planning model is being tested in South East Queensland to manage the relocation of homes exposed to high natural hazard risks, such as flooding, bushfires, and coastal inundation.
The solution allows owners of at-risk homes to transfer climate and financial risk to a new corporate body designed to manage natural hazard risks over the long term. This aims to encourage increased urban development in safer, low-risk locations.
The Meridian Urban Settlement Adaptation and Financing Delivery (SAF-D) pilot is led by Griffith University's Climate Action Beacon in partnership with Meridian Urban. It will use real-world case studies and financial modelling simulations to confirm the viability and efficacy of the program.
No direct quotes available in the text.
Author's summary: Innovative model to relocate homes at risk of natural hazards.
- Flooding
- Bushfire
- Coastal inundation
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