CBO Sees Climate Hiking Deficit But Touts Benefit Of ‘Effective’ Mitigation

The Congressional Budget Office (CBO) says the effects of climate change will add to the federal deficit by both increasing government outlays on disaster relief and other areas, while curbing economic growth and associated tax receipts, underscoring similar assessments from the Government Accountability Office (GAO). But unlike GAO’s recent assessment , which reiterated concerns about climate change’s potential adverse fiscal effects on the federal government, CBO says in an April 27 report that “effective” climate mitigation and adaptation policies could...