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 designed to manage natural hazard risks over the long-term.
The goal is to encourage increased urban development in safer, low-risk locations, such as areas not prone to
- 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 aims to manage natural hazard risks over the long-term.
The pilot will use real-world case studies and financial modelling simulations to confirm the viability and efficacy of the program.
Author's summary: Innovative model to manage natural hazard risks.
More News
- Acadia Pharmaceuticals’ CEO on rebranding, using AI as a small biotech
- Amazon Web Services outage causes disruptions worldwide
- expert reaction to Amazon internet services outage | Science Media Centre
- FTSE 100 Opens Higher as Banks Rebound and Trade Hopes Lift Mood - Investomania
- Global internet outage resolving - Midwest Radio
- Total loss undervaluation lawsuit filed against State Farm in North Carolina
- Acute complications of diabetes, what causes them and how to recognise them
- Internet outages at Halifax, Lloyds, HMRC and more reported after AWS disruption
- China’s FDI, not the BRI, drives a global green transition
- Government puts firms on notice for £360m Euston masterplan role