Visionary Solution for Homes Exposed to High Risk of Natural Hazards
A financial and land use planning model is being trialled in South East Queensland to manage the relocation of homes exposed to high natural hazard risks.
The model 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.
- Flooding
- Bushfire
- Coastal inundation
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.
The pilot will use real-world case studies and financial modelling simulations to confirm the viability and efficacy of the program.
The solution aims to encourage increased urban development in safer, low risk locations.
Author summary: Innovative model for managing natural hazard risks.