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 at high risk of natural hazards such as flooding, bushfires, and coastal inundation.
The solution allows homeowners to transfer climate and financial risk to a new corporate body that will manage natural hazard risks long-term, promoting urban development in safer areas.
The Meridian Urban Settlement Adaptation and Financing Delivery (SAF-D) Pilot
The pilot, led by Griffith University's Climate Action Beacon in partnership with Meridian Urban, will use real-world case studies and financial modelling simulations to test the program's viability.
The solution aims to encourage increased urban development in safer, low-risk locations.
Author's summary: A new model helps homes at risk of natural hazards.
- Flooding
- Bushfires
- Coastal inundation
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