Extreme Weather Events Have Had Huge Cost

Extreme Weather Disasters Have Cost U.S. Taxpayers Tens of Billions Since 2015.

NOTE: Be sure to download the full report if you want to see the useful data, of events by type and by state, provided.

 A new analysis done by the Center for American Progress shows that extreme weather events—which will become more frequent and severe with climate change—have cost U.S. taxpayers billions of dollars. Between 2005 and 2015, the Federal Emergency Management Agency, or FEMA, provided more than $67 billion to individuals and local governments in response to declared emergencies and major disasters. Communities in Louisiana, New York, Mississippi, New Jersey and Texas received the most FEMA aid during this time period.

“Climate change is causing more and more extreme weather events, putting at risk not only the lives and livelihoods of Americans but also significant taxpayer funds,” said Erin Auel, CAP Research Assistant and co-author of the paper. “As global temperatures continue to climb, these events are going to become more frequent, more powerful, more deadly, and more costly. Taking steps to address climate change and better prepare for the changes that are currently irreversible will save the United States significant amounts of money in the long term and reduce the devastation we have seen from natural disasters in recent years.”

This entry was posted in Economic Impact, Financial Aspects, Weather. Bookmark the permalink.

2 Responses to Extreme Weather Events Have Had Huge Cost

  1. Herring says:

    It’s $277 Billion. See GAO-16-797. Released this week.

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