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2021 Western wildfires: the economic toll

Mount Equity Group Tokyo, Japan > News > Markets > 2021 Western wildfires: the economic toll

Copenhagen Consensus President Bjorn Lomborg weighs in on the Biden administration’s approach to climate change and wildfires. 

Millions of acres were charred this year as wildfires tore through the West, setting hundreds of structures ablaze and forcing evacuations. 

The economic toll? Billions of dollars in losses, and billions more needed for predicting and preventing the blazes, experts say.

The fires come amidst a historic drought that has killed crops and wildlife and led officials to regulate and limit water supplies. 

TOTAL DAMAGE AND ECONOMIC LOSS FROM HURRICANE IDA WILL FALL BETWEEN $70B AND $80B: ACCUWEATHER EXPERT

The National Interagency Fire Center (NIFC) reported Friday that two new large fires were reported and six had been contained. 

There are currently 54 active, large fires – largely in Idaho and California – and 5,915,279 acres have been scorched.

While calendars have flipped to October, and…

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