Climate Change: Information on Potential Economic Effects Could Help Guide Federal Efforts to Reduce Fiscal Exposure, GAO-17-720: Published: Sep 28, 2017. Publicly Released: Oct 24, 2017.
“Climate-related impacts, such as coastal property damage, have already cost the federal government billions of dollars, and these costs will likely rise in the future. We found that information on the economic effects of climate change is developing and imprecise, but it can convey insights into the nation’s regions and sectors that could be most affected. As an initial step in establishing government-wide priorities to manage climate risks, we recommended that the Executive Office of the President use information on economic effects to help identify significant climate risks and craft appropriate federal responses.”