Economic Impacts & Implications of Catastrophic Fire

This second instalment in our Lightning Explainer series describes the economic impacts of wildfires in B.C. Drawing on a examples from across the province, it explains how wildfires can affect regional economies across sectors, identifies the need for a sector-by-sector economic analysis to assist in decision-making, and offers recommended actions that can be taken now and in the future to reduce economic loss from wildfires.

Building on research in “Learning to Live with Fire: State of Wildfire in B.C.—Policy, Programs & Priorities” (May 2024), our Lightning Explainer series explores critical and emerging issues and topics concerning wildfire resilience. Our goal is to increase understanding and stimulate discussion and dialogue that support landscape and wildfire resilience.