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Subscriber only A fund manager who campaigned against Labor s franking credits in 2018 has joined a grassroots fight against Noosa Council s climate strategy. ASX-listed Wilson Asset management chairman Geoff Wilson worries the values and insurance costs of his and other Sunshine Beach properties will be hit under proposals in the Coastal Hazard Adaptation Plan. Noosa is one of 32 councils in Queensland developing an adaptation plan to propose ways to mitigate damages from climate change as part of the state s QCoast 2100 program. Mr Wilson said the proposal lacked detail and was based on worst-case scenario mapping. Along with an increasing number of locals I am concerned the council has pre-empted its proposed plans with costly and harmful planning restrictions on people s homes while doing nothing to help the local environment, Mr Wilson said.
Minna Knight hopes Noosa Council will rethink its climate change strategy.
“The united resident groups hope Ms Bolton can assist to encourage council to jettison the unnecessary and pre-emptive, radical planning changes and put more effort into practical erosion and inundation prevention,” she said.
“We have years, even decades, to refine models and observe on-ground trends as Coastal Hazard Adaptation Plan and practical measures are implemented and evolve, without risking premature planning changes.”
Noosa Waters Residents Association spokesman Frank Matus said the council projections of serious future inundations would affect his area “badly” by triggering a decline in their property prices.
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