The global losses from natural catastrophes have been staggering, reaching a total of $280 billion as reported by MunichRe in 2023. 

Wildfire events are on the rise, and climate change and land management are significant contributing factors to this trend. According to UNEP, it is projected that by the year 2100, wildfires will increase by more than 50%. These events have severe consequences, including loss of life and property damage.

The damage caused by wildfires in the United States in 2022 exceeded 3 million hectares, as reported by the National Interagency Fire Center (NIFC).

Europe has also been experiencing a significant increase in wildfire damage, with over 750,000 hectares being destroyed between January and September of 2022 alone. This destruction has resulted in the loss of valuable habitats and biodiversity, with 6.4 million metric tons of carbon being released into the atmosphere during the months of June and August of 2022 in the EU and UK, according to Copernicus in 2023.

According to recent reports, there have been over 611 fatalities in the European Union between 2000 and 2017 due to wildfires. In 2017, Portugal experienced 66 deaths due to a wildfire, while more than 95 lives were lost in Greece in 2018