Funding for the Building Resilient Infrastructure and Communities program, which funds projects that protect people and infrastructure from natural hazards and the effects of climate change, will more than double to nearly $2.3 billion.
The Flood Mitigation Assistance program, which funds projects to help mitigate flood risks for homes and communities, will see a five-fold increase in funding to $800 million.Some of the funding for the two Federal Emergency Management Agency programs will come from last year's bipartisan infrastructure law, with $700 million for the flood program, and $200 million for BRIC. The rest will come from FEMA's Disaster Relief Fund.
"Chronic lack of investment in climate resilience has only made matters worse for America’s crumbling infrastructure," FEMA Administrator Deanne Criswell said in a statement.historically underserved communities." Through the funding "we seek to correct this injustice and ensure that every community is better able to prepare before disasters strike," Criswell said.
Last year, in just one example of the type of disaster that scientists say are made worse by climate change, hit Louisiana as a Category 4 storm, killing nearly 100 people and causing an estimated $64 billion in damage.that the upper range of climate change's hit to the U.S. budget by the end of the century could total a 7.1% annual revenue loss, equal to $2 trillion a year in today's dollars.Reporting by Timothy Gardner; Editing by Stephen Coates
Source: Energy Industry News (energyindustrynews.net)
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