CBO – Federal Climate Change Programs: Funding History and Policy Issues

Federal Climate Change Programs: Funding History and Policy Issues, March 2010

  • “In recent years, the federal government has allocated several billion dollars annually for projects to expand the understanding of climate change or to reduce carbon dioxide and other greenhouse-gas (GHG) emissions. Most of that spending is done by the Department of Energy (DOE) and by the National Aeronautics and Space Administration (NASA), although a dozen other federal agencies also participate…From 1998 to 2009, appropriations for agencies’ work related to climate change totaled about $99 billion (in 2009 dollars); more than a third of that sum was provided in fiscal year 2009. In addition, climate-related tax preferences reduced tax revenues, by a much smaller amount, from what would have been collected in their absence. For most of that period, federal resources devoted to examining and mitigating climate change grew slowly and unevenly when adjusted for inflation. Regular annual appropriations rose from $4.0 billion in 1998 (measured in 2009 dollars) to $7.5 billion in 2009. During that period, the nation’s commitment to climate related technology development increased significantly, as has the forgone revenue attributable to tax preferences. Funding for climate science and international assistance, by contrast, stayed roughly constant.”
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