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 aims to 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.
The Meridian Urban Settlement Adaptation and Financing Delivery (SAF-D) pilot, led by Griffith University’s Climate Action Beacon in partnership with Meridian Urban, will use real-world case studies and financial modelling simulations to confirm the viability and efficacy of the program.
The goal is to encourage increased urban development in safer, low-risk locations, mitigating risks such as flooding, bushfire, and coastal inundation.
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Needing a brief summary: The project aims to relocate homes at risk of natural hazards.