Climate and Environment

CBO analyzes the effects of policies that would reduce pollution and limit the impact of human activities on the climate. The agency addresses the impact of proposed policies on the federal budget, the emissions of greenhouse gases and other substances, overall economic output and income, and the incomes of different groups.

Report
Expected Costs of Damage From Hurricane Winds and Storm-Related Flooding
April 10, 2019
Expected annual economic losses from most types of damage caused by hurricane winds and storm-related flooding total $54 billion—$34 billion in losses to households, $9 billion to commercial businesses, and $12 billion to the public sector.
Report
The National Flood Insurance Program: Financial Soundness and Affordability
September 1, 2017
CBO finds that premiums collected by the National Flood Insurance Program for policies in effect in August 2016 fell short of the program’s expected costs by $1.4 billion, mainly because of shortfalls in coastal counties.
Report
Federal Support for the Development, Production, and Use of Fuels and Energy Technologies
November 18, 2015
In fiscal year 2015, the federal government supported the development, production, and use of fuels and energy technologies through tax preferences totaling $15.8 billion and spending by the Department of Energy totaling $5.4 billion.