GAO lists climate change as high risk to government for first time

02/25/2013
The US Government Accountability Office—which has identified areas it believes pose a high risk to federal government operations every 2 years since the early 1990s—added climate change to its list for the first time. "Climate change creates significant financial risks for the federal government, which owns extensive infrastructure, such as defense installations, insures property through the National Flood Insurance Program, and provides emergency aid in response to natural disasters," it observed in a Feb. 14 report. "The federal government is not well positioned to address the fiscal exposure presented by climate change, and needs a government-wide strategic approach with...
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