While the $1 billion in funding is a fraction of what taxpayers spend each year on disasters, it underscores a broader effort to account for the damage wrought by climate change and curb it. Last week the president signed an executive order instructing federal agencies to identify and disclose the perils a warming world poses to federal programs, assets and liabilities, while also requiring federal suppliers to reveal their own climate-related risks.

Source: Washington Post May 24, 2021 15:04 UTC