Quantifying the Value of Property at Risk in Forested Areas

Key Points:

– Research conducted to calculate the worth of U.S. property exposed to climate change risks in forested areas.
– These risks include ecological disturbances like wildfires and tree mortality.
– The value of property at risk is projected to increase significantly, particularly in California.
– If proper measures to reduce emissions are not taken, the property’s exposure to climate risks will continue to climb.

Hot take:

Well, it looks like climate change is not just roasting marshmallows anymore! This research reveals the hard truth about the potential financial impacts of ecological disturbances due to climate change. If we don’t start taking emission-reduction measures seriously, Californians might find themselves facing skyrocketing property risks. It’s about time we put the “hot” in “hot property” by addressing climate change head-on!

Original article: https://www.sciencedaily.com/releases/2023/08/230817163948.htm