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 relocate homes at high risk of natural hazards like flooding, bushfires, and coastal inundation.
The solution allows homeowners to transfer climate and financial risk to a new corporate body that manages 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 and Meridian Urban, uses real-world case studies and financial modelling to test the program's viability.
The solution aims to encourage increased urban development in safer, low-risk locations.
Author's summary: New model to relocate homes at risk of natural hazards.