Cost of Canadian wildfires could top $2 trillion over the 21st century, study shows
A study from Simon Fraser University projects that the economic cost of Canadian wildfires could exceed $2 trillion by the end of the century if global warming is not mitigated. The costs include direct suppression efforts, timber loss, and global societal impacts from carbon emissions.
Why it matters
The research quantifies the long-term economic risks of climate change, emphasizing the financial necessity of meeting global warming targets.
edited by Lisa Lock , reviewed by Andrew Zinin
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Add to Preferred Sources Credit: Andreas Berget from Pexels Failure to curb global warming now could cost future generations of Canadians trillions of dollars in wildfire impacts alone, according to a new Simon Fraser University study. The study is among the first to put a price tag on projected Canadian wildfire activity driven by climate change.
"Societal and economic costs of wildfire are highly dependent on the actions that we take to mitigate climate change right now," says Sian Kou-Giesbrecht, assistant professor of resource and environmental management and the study's lead author.
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