Visionary Solution for Homes Exposed to High Risk of Natural Hazards
A visionary 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 solution allows owners of at-risk homes to transfer climate and financial risk to a new corporate body, aiming to encourage increased urban development in safer locations.
- 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 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.
Author's summary: Innovative model to mitigate natural hazard risks.
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