California's 2018 wildfires caused $150 billion in damages: Study
California's 2018 wildfires caused economic losses of nearly $150 billion, about 0.7% of US' GDP that year, a study in which University of California participated said. Researchers found that direct capital impact accounted for $27.7 billion, while $32.2 billion came from the health effects of air pollution. They added disruption of economic supply chains indirectly caused $88.6 billion in losses.