US Agencies Getting Better at Managing Climate Risks to Property - Bloomberg Law
US Agencies Getting Better at Managing Climate Risks to Property
The federal government is steadily improving at factoring in climate risks and environmental justice when managing their real estate, according to a Wednesday report from the Government Accountability Office.
Those findings highlight the heavy emphasis the Biden administration has placed on climate vulnerabilities. But they also show that agency staffers are—and in many cases have long been—on high alert about sea level rise and strong storms for entirely practical reasons, such as executing the agency’s mission and saving money.
Getting better at managing risk is also important because of the sheer size of the government’s exposure. At least $387 billion ...
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Related Knowledge Center: Climate science
What began as a theory in the 1890s — that industrial emissions of carbon dioxide could increase global temperatures — had progressed to a scientific fact a century later. Scientists across a range of disciplines are studying the impact of the still-growing concentration of carbon dioxide and other so-called “greenhouse gases” in the atmosphere as they call for industrial and governmental policies to slow, then halt, the warming of the planet.