CLIMATE CHANGE: Potential Economic Costs and Opportunities to Reduce Federal Fiscal Exposure

Abstract

Since 2005, federal funding for disaster assistance is at least $450 billion, including approximately $19.1 billion in supplemental appropriations signed into law on June 6, 2019. In 2018 alone, there were 14 separate billion-dollar weather and climate disaster events across the United States, with a total cost of at least $91 billion, according to the National Oceanic and Atmospheric Administration. The U.S. Global Change Research Program projects that disaster costs will likely increase as certain extreme weather events become more frequent and intense due to climate change.

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Document Details

Document Type
Technical Report
Publication Date
Dec 19, 2019
Accession Number
AD1116106

Entities

Organizations

  • United States Government Accountability Office

Tags

Communities of Interest

  • Engineered Resilient Systems

DTIC Thesaurus Topics

  • Climate Change
  • Climate Change Adaptation
  • Department Of Homeland Security
  • Federal Budgets
  • Governments
  • Law
  • National Governments
  • Natural Disasters
  • Public Policy
  • River Flooding
  • Sea Level Rise
  • Storm Surges
  • United States
  • United States Government

Fields of Study

  • Environmental science

Readers

  • Atmospheric Science/Meteorology
  • Economics
  • Public Financial Management and Budgeting