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 like flooding, bushfires, and coastal inundation.
The model allows homeowners to transfer climate and financial risk to a corporate body that manages natural hazard risks long-term, promoting urban development in safer areas.
- Flooding
- Bushfire
- Coastal inundation
The Meridian Urban Settlement Adaptation and Financing Delivery (SAF-D) pilot is led by Griffith University's Climate Action Beacon and Meridian Urban, using 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 homeowners at risk of natural hazards.