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 model, known as Meridian Urban Settlement Adaptation and Financing Delivery (SAF-D), aims to transfer climate and financial risk to a new corporate body, encouraging urban development in safer locations.
The 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 test the program's viability.
The solution will allow 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
Author's summary: Innovative model to relocate homes at risk of natural hazards.
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