Financing a new way to fight wildfires - News Summed Up

Financing a new way to fight wildfires


It is estimated that globally, insurance claims due to wildfires have risen5 to USD 10bn per year. We need to move from wildfire suppression-centred strategies to landscape resilience and climate-smart forestry strategies. Read also: Hope from the ashes: unearthing ancient value in our forestsWe need to create landscapes that are more resistant and resilient to wildfires – landscapes that can minimise the risk of extreme wildfires happening, and that can recover if an event does occur. Climate-smart forestry7, for instance, is an emerging science-based approach which optimises forest adaptation and mitigation goals in a holistic manner. Private-public partnerships and private finance are crucial to deploy investments at scale to create resistant and resilient landscapes


Source: CBC News December 07, 2023 10:09 UTC



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