RED FLAG WARNING for Alameda County from 10-28-2023 at 05:00 AM until 10-29-2023 at 05:00 PM. Gusty offshore winds & dry conditions.
Oakland Firesafe Council

California Fire Science Webinar: The Role of Economics in Wildfire Risk Management

• Tuesday, 2:00-3:00PM •

Presenter: Dave Calkin

Abstract: Despite the growing impacts, interest and investment in wildfire traditional economic tools such as cost modeling, cost benefit analysis, and cost effectiveness have played a relatively limited role in informing wildfire management. High levels of uncertainty associated with a dynamic fire environment, variation in fire weather across space and time, disagreement around priorities and values that are impacted by wildfire, and the design and culture of organizations charged with implementing wildfire management make risk management a more appropriate framework for implementing and understanding wildfire management decision making. This is not to suggest that economics is not important, it plays a critical role in informing many aspects of the risk management cycle. In this presentation, I will discuss some of the challenges applying economics and highlight some of the key concepts that are helping us better understand the challenges and opportunities of wildfire management.