Quantifying and monetizing the wildfire impact on human welfare

The proposed project (a) assesses the socioeconomic drivers of wildfire risk and (b) quantifies the impact of wildfire at the individual and aggregate levels. Specifically, at the first stage the project will develop an analytical framework to assess the influence of human economic activity on wildfire occurrence and extent. At the second stage it will quantify and appropriately monetize the welfare impact of wildfire focusing ecosystem services provision, productivity, health and social capital. It involves econometric modelling, stated and revealed preference valuation techniques and combines individual level data from large social, time use and economic surveys, aggregate economic data, land use, meteorological and Earth Observation data.