Adaptation in property development: facilitating cross-sectoral knowledge sharing — YRD

Adaptation in property development: facilitating cross-sectoral knowledge sharing (1006)

Alianne Rance 1 , Fiona Silke 1
  1. Net Balance, Melbourne, VIC, Australia

Climate change is modifying the way we need to plan our cities and future human settlements. While current lack or regulation has left property developers in Australia with limited impetus for change, the viability of our future settlements ad wider serious ramifications are of grave concern if adaptation is considered an option: not a requirement. There are however non-regulatory motivations that can be used to engage with the development industry and promote adaptation in new development.

A series of focus groups were run to engage the property development industry and associated stakeholder groups such as the legal sector, financial institutions, industry associations, insurance representative and developers themselves across the east coast of Australia. Stakeholders put forward their sector perspectives on why the property industry should adapt to a changing climate. These have been incorporated into an engagement model to more effectively motivate property developers to attenuate climate risk. This paper discusses the proposed model and facilitation of knowledge sharing using key perspectives from each sector group.

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