Climate change and Master Plan: flood mitigation in Belo Horizonte

Abstract

The UN's New Urban Agenda has penetrated urban planning at the same time as extreme events caused by climate change. In view of the scenario of increased flooding in Belo Horizonte, state of Minas Gerais, the Master Plan approved instruments to mitigate the impacts through discounts on the fees charged for additional building rights for new buildings that use “green and blue infrastructure.” The applicability of this incentive is analyzed across the territory based on a comparison between the discounts and the costs of new sustainable techniques. It is concluded that the instruments tend to be adopted where land value is higher, being insufficient for a large part of the city, mainly areas with greater climate vulnerability, which demand more direct interventions from the government.

master plan; real estate market; urban planning; climate change; urban economics