Visionary Solution for Homes Exposed to Natural Hazards
A financial and land use planning model is being trialled in South East Queensland to manage the relocation of homes at high risk of natural hazards.
The solution allows owners to transfer climate and financial risk to a new corporate body, encouraging urban development in safer locations.
The Meridian Urban Settlement Adaptation and Financing Delivery (SAF-D) Pilot
The pilot, led by Griffith University's Climate Action Beacon and Meridian Urban, will use real-world case studies and financial modelling simulations to test the program's viability.
The solution aims to manage natural hazard risks such as flooding, bushfire, and coastal inundation over the long-term.
Author's summary: A new model manages relocation of at-risk homes.