Grim report comes hours before long-expected UN report on methods to curb emissions
Flood, fire, and drought fuelled by climate change could take a massive bite out of the U.S. federal budget per year by the end of the century, the White House said in its first ever such assessment on Sunday.
The analysis found that the federal government could spend an additional $25 billion to $128 billion annually on expenditures such as coastal disaster relief, flood, crop, and health care insurance, wildfire suppression and flooding at federal facilities. U.S. military bases, including Offutt Air Force Base in Nebraska and Tyndall Air Force base in Florida, have suffered billions of dollars in damage in recent years from floods and hurricanes.
The grim OMB assessment came hours before publication of a long-awaited U.N. climate science panel report on methods of curbing the emissions, a report that some scientists say may downplay certain potentially devastating scenarios due to its consensual nature in which 195 governments had to sign off on it.
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