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Fires cost 377.2 million euros in Portugal in 2023
Forest fires had a total cost of 77 billion euros in Europe in 2023, the warmest year on record, with a weight of 377.2 million in Portugal, according to data from the World Bank.
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Economia Incêndios
In a set of reports on the "Economics of Disaster Prevention and Preparedness in European Union Member States and Countries", released today, the World Bank (in a project implemented in partnership with and funded by the European Commission) indicates that "2023 was the hottest year on record, with disasters across Europe costing over €77 billion".
In Portugal alone, the cost of forest fires in 2023 amounted to €377.2 million, in a burned area of 36,498 hectares, according to the calculations of this international financial institution included in the documents.
Even so, last year in the country, the number of hectares of land burned compared to the annual average of forest fires since 2006 was 62% less, with Portugal being the seventh country in the European Union (EU) with the least damage caused by fires (behind Sweden, Poland, Croatia, Hungary, the Netherlands and Slovenia).
In a statement, the World Bank stresses that "Europe is warming faster than any other continent and is highly vulnerable to the increasing risks associated with climate change", having registered, in recent decades, "devastating - and increasing - losses and destruction due to climate-related disasters".
For this reason, the EU needs, in the view of the international financial institution, "smart investments to strengthen disaster resilience, adaptation and financing of climate and disaster risk response".
Especially because "the projected costs of inaction in a high-warming scenario could reach 7% of the EU's GDP [Gross Domestic Product]", warns the World Bank.
Specifically in the EU, the costs of adapting to climate change by the 2030s could be between €15 billion and €64 billion per year, with an estimated adaptation funding scale of between 0.1% and 0.4% of EU GDP, according to the body.
No data on Portugal is provided in the reports on this matter.
In the documents on the economics of disaster prevention and preparedness, the World Bank concludes that, although European countries are taking important steps to increase resilience, more needs to be done", such as investing in priority sectors to maximize social benefits, conducting analyzes on future costs of adaptation to climate change and moving forward with efficient management of public finances, "affected by multiple disasters every year".
Read Also: Forest fire fighting resources reinforced from today (Portuguese version)
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