Estimating the economic value of carbon losses from wildfires using publicly available data sources: Eagle Creek Fire, Oregon 2017

Abstract Background Wildfires are increasingly frequent in the Western US and impose a number of costs including from the instantaneous release of carbon when vegetation burns. Carbon released into the atmosphere aggravates climate change while carbon stored in vegetation helps to mitigate climate change. The need for climate change mitigation is becoming more and more urgent as achieving the Paris climate agreement target of limiting global warming to 1.5 °C seems ever more challenging. A clear understanding of the role of different carbon sources is required for understanding the degree of progress toward meeting mitigation objectives and assessing the cost and benefits of mitigation policies. Results We present an easily replicable approach to calculate the economic cost from carbon released instantaneously from wildfires at state and county level (US). Our approach is straightforward and relies exclusively on publicly available data that can be easily obtained for locations throughout the USA. We also describe how to apply social cost of carbon estimates to the carbon loss estimates to find the economic value of carbon released from wildfires. We demonstrate our approach using a case study of the 2017 Eagle Creek Fire in Oregon. Our estimated value of carbon lost for this medium-sized (19,400 ha) fire is $187.2 million (2020 dollars), which highlights the significant role that wildfires can have in terms of carbon emissions and their associated cost. The emissions from this fire were equivalent to as much as 2.3% of non-fire emissions for the state of Oregon in 2020. Conclusions Our results demonstrate an easily replicable method for estimating the economic cost of instantaneous carbon dioxide emissions for individual wildfires. Estimates of the potential economic costs associated with carbon dioxide emissions help to provide a more complete picture of the true economic costs of wildfires, thus facilitating a more complete picture of the potential benefits of wildfire management efforts.