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October 25, 2017

GAO: Climate change costing U.S. billions

  • The federal watchdog says the costs of extreme floods, drought, fires and storms will increase as once rare events become more common and intense.
  • By MICHAEL BIESECKER
    Associated Press

    WASHINGTON — A non-partisan federal watchdog says climate change is already costing U.S. taxpayers billions of dollars each year, with those costs expected to rise as devastating storms, floods, wildfires and droughts become more frequent in the coming decades.

    A Government Accountability Office report released Monday said the federal government has spent more than $350 billion over the last decade on disaster assistance programs and losses from flood and crop insurance. That tally does not include the massive toll from this year's wildfires and three major hurricanes, expected to be among the most costly in the nation's history.


     
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