ESR6 Project
Title of the project
Quantitative Economic Impact Assessment of Wildfires in Europe
Name
Abstract
Recent devastating wildfire events and seasons around the globe have brought attention to the consequences of land management actives, fire regimes, policy choices, and climate change. Wildfires can be highly destructive, threatening lives, homes, and infrastructure, impacting timber markets and agricultural production, disrupting traffic and business activities, changing entire landscapes and ecosystems, affecting recreation and tourism, and leading to severe human health effects. Thus, hardly any economic sector remains untouched. While quantitative economic impact analyses have been conducted for specific case studies and sectors in the US and Australia, literature focusing on Europe is scarce. Rather than presenting a comprehensive analysis on economic impacts, this project is limited to contribute to a better understanding of wildfire effects on the economy by highlighting specific economic aspects and geographical areas within Europe. The analysis is undertaken by means of applying empirical data analysis which is potentially integrated into risk projections. By advancing a better understanding of economic costs due to wildfires, this project aims at providing empirical insights in order to enhance awareness and facilitate evidence-based policy decisions to reduce exposure and/or increase the resilience of risk-prone communities.
Copyright
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