Wildfire, drought cause $11.2 billion in damage to private timberland in three Pacific states, study finds
CORVALLIS, Ore. – Wildfires and drought have led to $11.2 billion in damages to privately held timberland in California, Oregon and Washington over the past two decades, a new Oregon State University study found.
That represents about a 10% reduction in the value of private timberland in the three states. Based on recent climate change attribution studies by other scientists, the authors of the study attribute about half of the economic damages to climate change.