A new analysis by the Natural Resources Defense Council, the NRDC, finds that the federal government spent three times more than the private insurance industry on climate change impacts last year. And, of course, those federal efforts are entirely funded by taxpayers.
“It is in effect a climate disruption tax, equivalent to a 2.7 percentage point increase in what Americans paid in sales taxes last year.” That’s Daniel Lashof, director of the NRDC’s Climate and Clean Air Program and co-author of the report. We spent nearly $100 billion in 2012 on drought-related crop insurance, storms like Hurricane Sandy, floods and wildfires. By comparison the nation spent $95 billion on education last year and just $91 billion on transportation.
via news.yahoo.com
