In its reports to Congress, the Office of Management and Budget (OMB) reported that annual federal climate change funding increased by $4.4 billion from fiscal years 2010 through 2017. For example, reported annual funding for technology to reduce emissions increased by about $3.5 billion, as seen in the figure below. Although OMB included information on federal fiscal exposure to climate change in the President’s budgets for fiscal year 2016 and 2017, it did not provide this information in its most recent climate change funding reports. For example, the reports did not include information on programs—such as disaster assistance—whose costs were likely to increase due to climate change which would have provided more complete information for making spending trade-off decisions for climate activities. According to GAO’s prior work, more complete information on fiscal exposures and the long-term effects of decisions would help policymakers make trade-offs between spending with long-term and short-term benefits.
Reported Federal Climate Change Funding by Category- Fiscal Years 2010-2017