Top Posts
Brazil launches COP30 accommodation platform after pressure from...
Pakistan’s deadly floods worsened by global warming: study
Putin decree allows Russia to increase greenhouse gas...
New study shows climate change cancelling major events
Tinubu appoints Majekodunmi new DG of National Council...
ICJ says countries to be held accountable for...
Report shows PR firm working for Shell wins...
Study shows climate change could make ‘droughts’ for...
Kano govt unveils climate change policy, to plant...
FG says desertification has disrupted livelihoods of over...
EcoNai Newsroom
  • Newsround
  • Nigeria
  • Africa
  • World
World

Study shows wildfires could damage $11 billion worth of properties In coming decades

by admineconai August 18, 2023
written by admineconai August 18, 2023
678

A study published in Environmental Research Letters has found that wildfires are predicted to damage upwards of $22 billion worth of property by 2049 –especially in the western United States—should climate action and policy not be implemented.

The study, which focused on climate-fueled “forest disturbances” that include wildfires and tree deaths by climate-related causes, including heat, drought and insects, analyzed how much of an economic impact those disturbances could have on property values.

Researchers at the University of Utah’s Wilkes Center for Climate Science and Policy, who undertook the study, found that $11 billion worth of properties are predicted to be exposed to wildfires between 2020-2049, up from $4 billion worth of properties which were exposed to wildfires in 2000-2018, which they concluded by analyzing fire data from 1984-2018 from the Monitoring Trends in Burn Severity (MTBS) tool from the United States Geological Survey.

Read also: Fossil fuel firms move to dismiss climate lawsuit in Hawaii

Projections from the scientists show properties’ wildfire exposure could double from $11 billion to $22 billion by 2070 in what they called low-to-moderate emissions scenarios and to $45 billion by 2099 in high emission scenarios.

Meanwhile, scientists have also suggested, based on US Forest Service Forest Inventory and Analysis (FIA) data from 2000-2018, that tree mortality from climate, drought, heat and insects—such as the mountain pine beetle outbreak in Colorado—could impact up to 29 million households in the next 30 years compared to just 1 million households previously.

Some experts have also said that drought and flammable shrubs have worsened the wildfires that have ravaged Maui over the last week.

According to the Pacific Disaster Center and the Federal Emergency Management Agency, the Hawaiian island is experiencing what has been deemed the deadliest U.S. fire in at least a century with 111 people confirmed dead and $5.52 billion in exposed capital.

“We’re already facing these climate risks to properties around the U.S, and these risks are pretty substantial,” William Anderegg, the leading researcher of this study and the director of the Wilkes Center for Climate Science and Policy at the University of Utah, said. “They’re likely to go up, and we need to start preparing for that now and being proactive and really trying to use the best available science to plan, adapt and try to minimize the risk to communities and to property in the coming decades.”

Story was adapted from Forbes.

$11 billionDamageStudyWildfire
0 comment 0 FacebookTwitterPinterestEmail
admineconai

previous post
Fossil fuel firms move to dismiss climate lawsuit in Hawaii
next post
Wildfires force thousands to evacuate, stay indoors in Tenerife

Related Posts

Brazil launches COP30 accommodation platform after pressure from...

August 7, 2025

Pakistan’s deadly floods worsened by global warming: study

August 7, 2025

Putin decree allows Russia to increase greenhouse gas...

August 7, 2025

New study shows climate change cancelling major events

August 4, 2025

ICJ says countries to be held accountable for...

August 4, 2025

Report shows PR firm working for Shell wins...

July 30, 2025

Study shows climate change could make ‘droughts’ for...

July 30, 2025

UN agency says deadly floods show need for...

July 22, 2025

UN climate change director calls for urgent action...

July 18, 2025

Environmental activist dismisses CoP meetings on climate change...

July 18, 2025

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

Newsletter

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

  • Facebook
  • Twitter
  • Instagram
  • Linkedin
  • Bloglovin
  • Vimeo

@2021 - All Right Reserved. Designed and Developed by Eco-Nai+

EcoNai Newsroom
  • Newsround
  • Nigeria
  • Africa
  • World