Visionary Solution for Homes Exposed to 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 owners of at-risk homes to transfer climate and financial risk to a new corporate body that manages natural hazard risks long-term, encouraging urban development in safer locations.
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, using real-world case studies and financial modelling simulations to confirm the program's viability.
The solution aims to encourage increased urban development in safer, low-risk locations.
Author's summary: New model manages relocation of homes at risk of natural hazards.
- Partners: Griffith University's Climate Action Beacon, Meridian Urban
- Location: South East Queensland
- Risks addressed: flooding, bushfires, coastal inundation