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Finance Minister: Chile’s Forest Fires Will Cost Government $333M
Chile’s massive forest fires that have killed 11 people and destroyed nearly 1,500 homes will cost the government $333 million, Finance Minister Rodrigo Valdes told reporters on Friday.
The government will reallocate $100 million from the current budget to mitigate the effects of the blazes, while another $233 million will be taken out of a rainy day fund that the government maintains for such situations, Valdes said at a press conference.
“Those are the costs that the state will have to assume in the preliminary estimate that we’re doing,” Valdes said. “That situation can change when we have more information, and it will depend on how the wildfires evolve.”
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Melting ice sheets are hastening sea level rise, satellite data confirms
Research shows that pace of melting in Antarctica and Greenland has accelerated… At the current rate, the world’s oceans will be on average at least 60cm (2ft) higher by the end of the century, according to research published in Monday’s Proceedings of the National Academies of Sciences…
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