CBO analyzes proposals to limit emissions of greenhouse gases, including ones that would impose taxes on emissions and direct the government to sell rights to businesses to produce set amounts of those emissions. Such proposals could have significant effects on the climate, the economy, the well-being of people in different groups, and the federal budget.
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.
