Natural hazards: Annual costs of flood-related Disaster Financial Assistance and forest fires

Framework / Assessment
Summary

Natural hazards (e.g., fire, flood, drought) often cost government agencies (and private parties) as they try to prevent, mitigate, and recover from the impacts of these hazards. Tracking the cost of assisting the public impacted by floods helps inform the cost-effectiveness of different policies. Tracking the cost of preventing, fighting, and recovering from fires similarly helps to understand what policies are most cost-effective and economical.