Newly sworn - in Maldives president vows to buy land to relocate entire population . Climate change - The Indian Ocean islands could sink under rising sea levels . And so the tourist nation , which has white sandy beaches that lure well-heeled Westerners , wants to set aside some of the $ 1 billion a year it receives from tourism and spend that money on buying a new homeland . Maldives is considering land in Sri Lanka , India and Australia . Island was badly affected by tsunami of 2004 , with more than 100 people dead or missing .
Newly sworn - in Maldives president vows to buy land to relocate entire population . Climate change - The Indian Ocean islands could sink under rising sea levels . Maldives is considering land in Sri Lanka , India and Australia . Island was badly affected by tsunami of 2004 , with more than 100 people dead or missing .