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Climate Change The Fiscal Risks Facing The Federal Government
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Book Synopsis Climate Change: The Fiscal Risks Facing The Federal Government by : Unated States Government
Download or read book Climate Change: The Fiscal Risks Facing The Federal Government written by Unated States Government and published by Good Press. This book was released on 2020-12-08 with total page 57 pages. Available in PDF, EPUB and Kindle. Book excerpt: This official document from the 2010s, authored by the United States Government, delves deep into the fiscal challenges posed by climate change. Highlighting the geographical and atmospheric implications, it offers a comprehensive look at the potential risks and strategies for mitigation. A must-read for those interested in environmental policy and its economic impact.
Download or read book Climate Change written by and published by . This book was released on 2016 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: "President Obama has said the Budget is "a roadmap to a future that embodies America's values and aspirations." Building and stewarding such a Budget over the long term requires a clear-eyed view of the challenges that put our aspirations at risk. No challenge poses a greater threat to future generations than climate change. The Office of Management and Budget (OMB), in collaboration with the Council of Economic Advisers (CEA), recently embarked on an effort to assess what we can quantify today with regard to the fiscal risks posed by climate change for the Federal Government. To date, this effort has yielded two primary conclusions: first, that our current understanding of the fiscal risks of climate change is nascent, limited in scope, and subject to significant uncertainty; and second, that the evidence available thus far indicates the fiscal risks to the Federal Government could be very significant over the course of this century without ambitious action to reduce greenhouse gas emissions (GHGs) and adapt our communities to a changing climate. This report outlines the contours of fiscal risk through five program-specific assessments: crop insurance, health care, wildfire suppression, hurricane-related disaster relief, and Federal facility flood risk. These programs were assessed because they are directly influenced by climate change, they have strong links to the Federal Budget, and quantitative scientific and economic models regarding the likely magnitude of impacts were available. This report also considers potential impacts to Federal revenues."
Author :National Academies of Sciences, Engineering, and Medicine Publisher :National Academies Press ISBN 13 :0309471699 Total Pages :207 pages Book Rating :4.3/5 (94 download)
Book Synopsis Review of the Draft Fourth National Climate Assessment by : National Academies of Sciences, Engineering, and Medicine
Download or read book Review of the Draft Fourth National Climate Assessment written by National Academies of Sciences, Engineering, and Medicine and published by National Academies Press. This book was released on 2018-06-18 with total page 207 pages. Available in PDF, EPUB and Kindle. Book excerpt: Climate change poses many challenges that affect society and the natural world. With these challenges, however, come opportunities to respond. By taking steps to adapt to and mitigate climate change, the risks to society and the impacts of continued climate change can be lessened. The National Climate Assessment, coordinated by the U.S. Global Change Research Program, is a mandated report intended to inform response decisions. Required to be developed every four years, these reports provide the most comprehensive and up-to-date evaluation of climate change impacts available for the United States, making them a unique and important climate change document. The draft Fourth National Climate Assessment (NCA4) report reviewed here addresses a wide range of topics of high importance to the United States and society more broadly, extending from human health and community well-being, to the built environment, to businesses and economies, to ecosystems and natural resources. This report evaluates the draft NCA4 to determine if it meets the requirements of the federal mandate, whether it provides accurate information grounded in the scientific literature, and whether it effectively communicates climate science, impacts, and responses for general audiences including the public, decision makers, and other stakeholders.
Book Synopsis Managing Climate Risk in the U.S. Financial System by : Leonardo Martinez-Diaz
Download or read book Managing Climate Risk in the U.S. Financial System written by Leonardo Martinez-Diaz and published by U.S. Commodity Futures Trading Commission . This book was released on 2020-09-09 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication serves as a roadmap for exploring and managing climate risk in the U.S. financial system. It is the first major climate publication by a U.S. financial regulator. The central message is that U.S. financial regulators must recognize that climate change poses serious emerging risks to the U.S. financial system, and they should move urgently and decisively to measure, understand, and address these risks. Achieving this goal calls for strengthening regulators’ capabilities, expertise, and data and tools to better monitor, analyze, and quantify climate risks. It calls for working closely with the private sector to ensure that financial institutions and market participants do the same. And it calls for policy and regulatory choices that are flexible, open-ended, and adaptable to new information about climate change and its risks, based on close and iterative dialogue with the private sector. At the same time, the financial community should not simply be reactive—it should provide solutions. Regulators should recognize that the financial system can itself be a catalyst for investments that accelerate economic resilience and the transition to a net-zero emissions economy. Financial innovations, in the form of new financial products, services, and technologies, can help the U.S. economy better manage climate risk and help channel more capital into technologies essential for the transition. https://doi.org/10.5281/zenodo.5247742
Book Synopsis Climate Change, Information on Potential Economic Effects Could Help Guide Federal Efforts to Reduce Fiscal Exposure : Report to Congressional Requesters by : United States. Government Accountability Office
Download or read book Climate Change, Information on Potential Economic Effects Could Help Guide Federal Efforts to Reduce Fiscal Exposure : Report to Congressional Requesters written by United States. Government Accountability Office and published by . This book was released on 2017 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the last decade, extreme weather and fire events have cost the federal government over $350 billion, according to the Office of Management and Budget. These costs will likely rise as the climate changes, according to the U.S. Global Change Research Program. In February 2013, GAO included Limiting the Federal Government’s Fiscal Exposure by Better Managing Climate Change Risks on its High-Risk List. GAO was asked to review the potential economic effects of climate change and risks to the federal government. This report examines (1) methods used to estimate the potential economic effects of climate change in the United States, (2) what is known about these effects, and (3) the extent to which information about these effects could inform efforts to manage climate risks across the federal government. GAO reviewed 2 national-scale studies available and 28 other studies; interviewed 26 experts knowledgeable about the strengths and limitations of the studies; compared federal efforts to manage climate risks with leading practices for risk management and economic analysis; and obtained expert views.
Book Synopsis Fiscal Policies for Development and Climate Action by : Miria A. Pigato
Download or read book Fiscal Policies for Development and Climate Action written by Miria A. Pigato and published by World Bank Publications. This book was released on 2018-12-31 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report provides actionable advice on how to design and implement fiscal policies for both development and climate action. Building on more than two decades of research in development and environmental economics, it argues that well-designed environmental tax reforms are especially valuable in developing countries, where they can reduce emissions, increase domestic revenues, and generate positive welfare effects such as cleaner water, safer roads, and improvements in human health. Moreover, these reforms need not harm competitiveness. New empirical evidence from Indonesia and Mexico suggests that under certain conditions, raising fuel prices can actually increase firm productivity. Finally, the report discusses the role of fiscal policy in strengthening resilience to climate change. It provides evidence that preventive public investments and measures to build fiscal buffers can help safeguard stability and growth in the face of rising climate risks. In this way, environmental tax reforms and climate risk-management strategies can lay the much-needed fiscal foundation for development and climate action.
Book Synopsis Climate Change Risks to National Security by : United States. Government Accountability Office
Download or read book Climate Change Risks to National Security written by United States. Government Accountability Office and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Both the Department of Defense's (DOD) global network of military installations and U.S. civilian infrastructure face climate change and extreme weather-related challenges. Climate change can also increase instability that affects U.S. security interests. GAO previously identified the significant fiscal risk that climate change poses for the U.S. government, with billions of dollars in estimated liabilities. However, climate change also poses national security risks.
Book Synopsis Climate Change by : John B. Stephenson
Download or read book Climate Change written by John B. Stephenson and published by DIANE Publishing. This book was released on 2007-08 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: Weather-related events have cost the nation billions of dollars in damages over the past decade. Many of these losses are borne by private insurers & by two federal insurance programs -- the National Flood Insurance Program, which insures properties against flooding, & the Federal Crop Insurance Corp., which insures crops against drought or other weather disasters. The author was asked to: (1) describe how climate change may affect future weather-related losses; (2) determine past insured weather-related losses; & (3) determine what major private insurers & federal insurers are doing to prepare for potential increases in such losses. Includes recommendations. Charts & tables.
Book Synopsis Climate Change by : U. s. Government Accountability Office
Download or read book Climate Change written by U. s. Government Accountability Office and published by CreateSpace. This book was released on 2012-06-21 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt: GAO-11-317. Climate change poses risks to many environmental and economic systems, including agriculture, infrastructure, and ecosystems. Federal law has periodically required the Office of Management and Budget (OMB) to report on federal climate change funding. GAO was asked to examine (1) federal funding for climate change activities and how these activities are organized; (2) the extent to which methods for defining and reporting climate change funding are interpreted consistently across the federal government; (3) federal climate change strategic priorities, and the extent to which funding is aligned with these priorities; and (4) what options, if any, are available to better align federal climate change funding with strategic priorities. GAO analyzed OMB funding reports and responses to a Web-based questionnaire sent to federal officials, reviewed available literature, and interviewed stakeholders. Funding for climate change activities reported by OMB increased from $4.6 billion in 2003 to $8.8 billion in 2010, and is organized in a complex, crosscutting system. OMB reports funding in four categories: technology to reduce emissions, science to better understand climate change, international assistance for developing countries, and wildlife adaptation to respond to actual or expected changes. Over this period, technology funding, the largest category, increased from $2.56 billion to $5.5 billion and increased as a share of total funding. OMB also reported $26.1 billion as funding for climate change programs and activities in the American Recovery and Reinvestment Act of 2009, and tax expenditures to encourage emissions reductions, with $7.2 billion in federal revenue losses in 2010. Many federal entities manage related activities, including interagency programs that coordinate agency actions. Questionnaire responses suggest that methods for defining and reporting climate change funding are not interpreted consistently across the federal government. Respondents identified three methods for defining and reporting climate change funding, foremost of which is guidance contained in OMB Circular A-11. While most said their own organization consistently applied these methods internally, far fewer said that they were applied consistently across the government. Some, for example, noted that other agencies use their own interpretation of definitions, resulting in inconsistent accounting across the government, because of several factors, such as the difficulty in distinguishing between programs related and unrelated to climate change. Respondents, literature, and stakeholders identified two key factors that complicate efforts to align funding with priorities. First, notwithstanding existing coordinating mechanisms, questionnaire results indicated that federal officials do not have a shared understanding of strategic priorities. Second, respondents indicated that since mechanisms for aligning funding with priorities are nonbinding, they are limited when in conflict with agencies' own priorities. Among GAO's recommendations are that the appropriate entities within the Executive Office of the President (EOP), in consultation with Congress, clearly establish federal strategic climate change priorities and assess the effectiveness of current practices for defining and reporting related funding. Relevant EOP entities did not provide official written comments, but instead provided technical comments, which GAO incorporated as appropriate.~
Book Synopsis Climate Change: Improvements Needed to Clarify National Priorities and Better Align Them with Federal Funding Decisions by : David C. Trimble
Download or read book Climate Change: Improvements Needed to Clarify National Priorities and Better Align Them with Federal Funding Decisions written by David C. Trimble and published by DIANE Publishing. This book was released on 2011 with total page 95 pages. Available in PDF, EPUB and Kindle. Book excerpt: Climate change poses risks to many environmental and economic systems, including agriculture, infrastructure, and ecosystems. This report examines: (1) federal funding for climate change activities and how these activities are organized; (2) the extent to which methods for defining and reporting climate change funding are interpreted consistently across the federal government; (3) federal climate change strategic priorities, and the extent to which funding is aligned with these priorities; and (4) what options, if any, are available to better align federal climate change funding with strategic priorities. Includes recommendations. Charts and tables. This is a print on demand edition of an important, hard-to-find publication.
Author :U.S. Global Change Research Program Publisher :Cambridge University Press ISBN 13 :0521144078 Total Pages :193 pages Book Rating :4.5/5 (211 download)
Book Synopsis Global Climate Change Impacts in the United States by : U.S. Global Change Research Program
Download or read book Global Climate Change Impacts in the United States written by U.S. Global Change Research Program and published by Cambridge University Press. This book was released on 2009-08-24 with total page 193 pages. Available in PDF, EPUB and Kindle. Book excerpt: Summarizes the science of climate change and impacts on the United States, for the public and policymakers.
Book Synopsis The Climate Report by : U.S. Global Change Research Program
Download or read book The Climate Report written by U.S. Global Change Research Program and published by Melville House. This book was released on 2019-01-22 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: To hide its dramatic findings, the government quietly released its mandated Climate Assessment Report on Black Friday 2018. Now, this full color reproduction is the definitive edition of ”the most comprehensive assessment of the effects of climate change on the United States” (The New York Times), which every citizen should own. The US Global Change Research Program (USGCRP) is mandated by law "at least every four years ... to submit to the president and the Congress an assessment regarding the findings of ... the effects of global change, and current and major long-term trends in global change." The report was released by the Trump administration without fanfare in the wake of a series of some of the most devastating hurricanes in American history, as well as the horrific California wildfires. As the report says, "The assumption that current and future climate conditions will resemble the recent past is no longer valid." Detailing not only the destructive toll of global warming on the environment, but also the related health issues leading to tens of thousands of deaths per year, and economic losses of tens of billions of dollars, the report concludes that "The evidence of human-caused climate change is overwhelming and continues to strengthen, that the impacts of climate change are intensifying across the country, and that climate-related threats ... are rising."
Book Synopsis The Fiscal Implications of Climate Change by : International Monetary Fund
Download or read book The Fiscal Implications of Climate Change written by International Monetary Fund and published by International Monetary Fund. This book was released on 2008-02-22 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews the fiscal implications of climate change, and the potential role of the Fund in addressing them. It stresses that: • The potential fiscal implications are immediate as well as lasting, and liable to affect—in differing forms and degree—all Fund members. • Climate change is a global externality problem, calling for some degree of international fiscal cooperation... • ...and has features—an intertemporal mismatch between the (early) costs of action to address climate change and (later) benefits, pervasive uncertainties and irreversibilities (including risk of catastrophe), and sharp asymmetries in the effects on different countries—that raise difficult technical and ethical issues, and hinder policy coordination. • In addition to itself impacting the public finances, climate change calls for deploying fiscal instruments to mitigate its extent and adapt to its remaining effects.
Book Synopsis Climate Change by : John B. Stephenson (au)
Download or read book Climate Change written by John B. Stephenson (au) and published by DIANE Publishing. This book was released on 2006-02 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: The admin. reports annually on fed. spending on climate change. OMB reports funding in 4 categories: technology (to reduce greenhouse gas emissions), science (to better understand the climate), internat. assist. (to help developing countries), & tax expend. (to encourage reductions in emissions). The Climate Change Science Program (CCSP) reports only on science. To measure funding, OMB can enter into financial obligations that will result in gov't. outlays. This report examines fed. climate change funding for 1993 through 2004, including: how total funding & funding by category changed & whether funding data are comparable over time; & how funding by agency changed & whether funding data are comparable over time. Charts & tables.
Book Synopsis Climate Change by : U S Government Accountability Office (G
Download or read book Climate Change written by U S Government Accountability Office (G and published by BiblioGov. This book was released on 2013-06 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: The U.S. Government Accountability Office (GAO) is an independent agency that works for Congress. The GAO watches over Congress, and investigates how the federal government spends taxpayers dollars. The Comptroller General of the United States is the leader of the GAO, and is appointed to a 15-year term by the U.S. President. The GAO wants to support Congress, while at the same time doing right by the citizens of the United States. They audit, investigate, perform analyses, issue legal decisions and report anything that the government is doing. This is one of their reports.
Author :Senate of the United States of America Publisher :Independently Published ISBN 13 :9781096008392 Total Pages :76 pages Book Rating :4.0/5 (83 download)
Book Synopsis The Cost of Inaction by : Senate of the United States of America
Download or read book The Cost of Inaction written by Senate of the United States of America and published by Independently Published. This book was released on 2019-04-26 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report was produced and issued by the minority staff of the U.S. Senate Committee on Homeland Security and Governmental Affairs (HSGAC). The executive summary states: The costs to taxpayers of climate change and its impacts on infrastructure and communities throughout the United States are potentially devastating. Extreme weather events are increasing in frequency and severity. Failing to address the risks, both human and financial, created by our changing climate threatens to do great harm to our economy and our country in the future. In the last fourteen years, catastrophic hurricanes, flooding, wildfires, and related extreme events have cost the federal government and American taxpayers half a trillion dollars in disaster assistance alone. The most recent National Climate Assessment warns that the increasing intensity of these events will continue to cause significant strain for the country's aging infrastructure. However, unlike prior administrations, this Administration has offered little or no guidance on addressing these and other threats associated with climate change. Worse, the Trump Administration has taken steps to eliminate research and funding necessary to alleviate the costs of climate change.This compilation includes a reproduction of the 2019 Worldwide Threat Assessment of the U.S. Intelligence Community.Executive Summary * Findings of Fact and Recommendations * I. The Rising Financial Costs of Extreme Weather * A. Climate Change and Extreme Weather Events * B. Financial Costs * C. Inequitable Costs * D. National Security Impacts * E. Impacts in Michigan * II. Adapting Infrastructure In The United States To Save Taxpayer Dollars * A. Adaptation Savings * B. Benefit-Cost Ratio * III. Trump Administration Inaction On Addressing Climate Change Costs * A. Deprioritizing Adaptation * 1. National Oceanic and Atmospheric Administration * 2. Environmental Protection Agency Global Change Research Office * 3. NASA Earth Science Research Program * 4. Department of the Interior Climate Adaptation Science Center * 5. Department of the Interior Bureau of Land Management Climate Change Program * 6. Department of Energy Office of Energy Efficiency and Renewable Energy * 7. Federal Emergency Management Agency Flood Hazard Mapping Program * 8. Department of Commerce Economic Development Administration * 9. Department of Housing and Urban Development Community Development Block Grant Program * B. Limiting Availability of Information * 10. Comparison of Administration Budget Requests * Conclusion
Author :United States Government Accountability Office Publisher :Createspace Independent Publishing Platform ISBN 13 :9781976401718 Total Pages :24 pages Book Rating :4.4/5 (17 download)
Book Synopsis Climate Change by : United States Government Accountability Office
Download or read book Climate Change written by United States Government Accountability Office and published by Createspace Independent Publishing Platform. This book was released on 2017-09-20 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: Weather-related events in the United States have caused tens of billions of dollars in damages annually over the past decade. A major portion of these losses is borne by private insurers and by two federal insurance programs- the Federal Emergency Management Agency's National Flood Insurance Program (NFIP), which insures properties against flooding, and the Department of Agriculture's Federal Crop Insurance Corporation (FCIC), which insures crops against drought or other weather disasters. In this testimony, GAO (1) describes how climate change may affect future weather-related losses, (2) provides information on past insured weather-related losses, and (3) determines what major private insurers and federal insurers are doing to prepare for potential increases in such losses. This testimony is based on a report entitled Climate Change: Financial Risks to Federal and Private Insurers in Coming Decades are Potentially Significant (GAO-07-285) released on April 19, 2007.