![]() ![]() ![]() Under the ESA, species may be listed as either endangered or threatened. The USFWS has primary responsibility for terrestrial and freshwater species, while the NMFS has responsibility over marine wildlife and anadromous fish. The Endangered Species Act is administered by two agencies, the United States Fish and Wildlife Service (USFWS) and the National Marine Fisheries Service (NMFS). “The study helps us understand the effects of historical climate shocks on the economic value of natural capital and also provides insights into the potential benefits of actions to mitigate extreme weather events,” Wang said.The Endangered Species Act (ESA) was passed by congress in 1973 with the purpose to protect and recover imperiled species and the ecosystems upon which they depend. They show that climate change can alter the value of natural capital, in this case private timberland, and impact private investments and potentially require public intervention to prevent management changes.Īlso, the findings provide new insights into estimating wildfire damages, beyond property losses, health care costs, injuries, fire suppression costs and air and water quality damages. The authors note that the findings have several policy implications. East of the Cascades, the losses were 3.5% due to drought stress and 8.1% because of large wildfires. ![]() 2% loss in timberland value, and large wildfire caused a 5% decrease in timberland value. In Washington, west of the Cascades, drought stress led to a.The difference between east and west of the Cascades in Oregon is in large part because there is more private timberland west of the Cascades that has been in close proximity to large wildfires in recent years. East of the Cascades, drought stress dropped to 1.1%, and large wildfire loss declined to 6%. In Oregon west of the Cascades, drought stress losses were 1.6%, and large wildfire losses were 7.7%.The drought stress gain is in part a result of most of the private timberland being concentrated in the wetter northwestern region of the state. 2% gain in timberland value and a 13.7% decrease due to large wildfires. In California, drought stress accounted for a.The researchers broke down the findings by state and also by east and west of the Cascades in Oregon and Washington. ![]()
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