Should the U.S. Budget be forced to include climate change cost considerations

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Environmentalists, economists, and lawmakers are pushing federal budget planners to take a closer look at the cost of climate change. Last week, former Treasury Secretary Robert Rubin penned an op-ed for The Washington Post imploring planners to take financial risks associated with global warming into account when making long-term cost projections. This week, Senate Democrats are likely to take the same line during a Senate Budget Committee hearing titled "The Costs of Inaction: The Economic and Budgetary Consequences of Climate Change." Committee Chairman Patty Murray is expected to talk about the fiscal effects associated with a heating planet and talk about how that could affect the federal budget. What's the cost of climate change? And should long-term federal budget projections take climate change into account? If so, how should fiscal risks be assessed and measured?...

How do you generate annual budgets , according to what you’d like to spend dealing with an issue each year, or according to what such changes and costs can realistically be expected to be encountered in the coming year with respect to a changing climate in a number of budgetary concern areas (e.g. Defense, FEMA, HHS, USDA etc.) . I would prefer to see a breakdown of climate costs in every budget category with a detailed explanation of last year’s actual climate change relevant expenses and next year’s projected expenses.

An adjunct to this discussion might be http://ift.tt/1gbeGV8

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