CLIMATE CHANGE: Potential Economic Costs and Opportunities to Reduce Federal Fiscal Exposure
United States Government Accountability Office Washington United States
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.