Ongoing costs from Elephant Hill wildfire pegged at $1B a year: report
She reiterated that the numbers are estimates, but researchers “used well-established ecological economics approaches to valuing ecosystem services.”
The lost carbon absorption of the burned ecosystem was assigned an annual value of $15.2 million to $366.1 million. The report highlights the need for greater investment in Indigenous-led restoration of fire affected areas, she said. Angie Kane, CEO of the society, said she hopes governments will also take the new report into account when conducting forest planning.
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