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GAO identifies potential economic effects of climate change

Climate Change: Opportunities to Reduce Federal Fiscal Exposure. GAO-19-625T: Published: Jun 11, 2019. Publicly Released: Jun 11, 2019. “There were 14 separate billion-dollar weather and climate disaster events in the U.S. in 2018—with a total cost of at least $91 billion. These costs will likely rise as the climate changes, researchers say. The federal government’s fiscal exposure from climate change is on our High Risk List. We testified about potential budget impacts from climate change and how the government can reduce fiscal exposure, among other things. Climate change could damage federal property and increase the cost of disaster aid and some property and crop insurance. One way to reduce fiscal exposure is to establish federal strategic climate change priorities….”

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