Effects of Climate Change and Coastal Development on U.S. Hurricane Damage: Implications for the Federal Budget [open pdf - 528KB]
"CBO [Congressional Budget Office] estimates that: - Expected damage from hurricanes will grow more quickly than GDP [Gross Domestic Product]. - The share of the population facing substantial damage will grow fivefold by 2075. - On the basis of past patterns, federal spending on hurricanes will also grow more quickly than GDP. Limiting greenhouse gas emissions may have little effect on damage in the next few decades. Pressure for federal spending might be reduced by: - Shifting costs to states, localities, and private entities - Investing in infrastructure to reduce vulnerability"
|Publisher:||United States. Congressional Budget Office|
|Retrieved From:||Congressional Budget Office: http://www.cbo.gov/|
|Source:||Interagency Forum on Climate Risks, Impacts, and Adaptation|