US: As climate change strains federal funds, FY16 budget request invests in resilience

The Obama administration is making the case for investing in efforts to stem the risks of climate change as economic damage from rising seas, increasingly extreme weather events and other impacts put a growing strain on the federal government's budget, reports Bloomberg. “The costs of climate change add up, and ignoring the problem only makes it worse,” an overview of the FY 2016 budget said. In addition, Andrea Vittorio mentions a July 2014 report from the White House saying that delaying international policy action to mitigate climate change could impose extra costs on the global economy and make it harder to hit climate targets in the long run.