Global response needed as forest fire threats intensify across continents

Global response needed as forest fire threats intensify across continents
Banking & Financial Services
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Ajay Banga 14th President of the World Bank Group | Official Website

Forest fires are increasingly becoming a global issue, with significant impacts on people, economies, and natural resources. Fires have intensified in various regions including Canada, Kazakhstan, Algeria, Australia, Türkiye, and Thailand. The frequency and severity of these fires are no longer confined to specific seasons or areas.

In Türkiye alone, the extreme fires of 2021 destroyed over 139,500 hectares of forest land. Greece experienced its worst fires in 2023 with over 175,000 hectares burned. South Korea faced its deadliest wildfires in 2025 with 32 fatalities and 104,000 hectares affected. Climate models predict a rise in forest fire occurrences by up to 50% by the end of the century.

The human toll is significant as well. Air pollution from landscape fires is linked to over 1.5 million deaths annually worldwide. Economically, wildfires cost Indonesia about $16 billion in GDP losses in 2015 while Europe saw annual wildfire losses averaging €8–10 billion between 2010 and 2020.

Despite heavy investments in fire suppression equipment, evidence suggests that prevention strategies are more effective both economically and environmentally. Integrated Fire Management (IFM) systems are highlighted as smart investments that combine early warning technologies with community engagement efforts.

Türkiye's $400 million Climate Resilient Forests Project is an example of such initiatives supported by the World Bank. This project aims to cover all aspects of forest fire management from preparedness to recovery while emphasizing community involvement.

As public debts rise and aid budgets shrink globally, there is a call for smarter financial solutions like ecologically friendly fiscal transfers and innovative finance instruments such as forest resilience bonds.

The transboundary nature of forest fires necessitates coordinated international responses. Europe's Union Civil Protection Mechanism (UCPM) exemplifies cross-border cooperation during disasters like forest fires.

A globally coordinated financial and policy framework focused on resilient forests could facilitate risk-sharing and channel investment into prevention measures effectively.

The fight against forest fires is not just about controlling flames but also ensuring economic stability and public health for future generations.