Saturday , January 25 2020
Home / John Quiggin / Australia is promising $2 billion for the fires. I estimate recovery will cost $100 billion

Australia is promising $2 billion for the fires. I estimate recovery will cost $100 billion

Summary:
That’s the self-explanatory headline for a piece I wrote for CNN Business in the US. Major contributors to this number, beyond the direct loss of property include damage to the tourist industry (I estimate up to billion)health effects, including 1000 or more premature deaths from smoke (up to billion)need for massive expenditure to deal with future disastersecosystem destruction and wildlife deaths (impossible to value, but catastrophic) Share this:Like this:Like Loading...

Topics:
John Quiggin considers the following as important:

This could be interesting, too:

John Quiggin writes The ash falls on the just and unjust alike

John Quiggin writes Economic estimates don’t account for tragic bushfire toll

John Quiggin writes Slow Burn

John Quiggin writes Climate deniers are worse than antivaxers but get treated better

That’s the self-explanatory headline for a piece I wrote for CNN Business in the US. Major contributors to this number, beyond the direct loss of property include

  • damage to the tourist industry (I estimate up to $20 billion)
  • health effects, including 1000 or more premature deaths from smoke (up to $10 billion)
  • need for massive expenditure to deal with future disasters
  • ecosystem destruction and wildlife deaths (impossible to value, but catastrophic)
John Quiggin
He is an Australian economist, a Professor and an Australian Research Council Laureate Fellow at the University of Queensland, and a former member of the Board of the Climate Change Authority of the Australian Government.

Leave a Reply

Your email address will not be published. Required fields are marked *