The federal government is spending way too little on climate change
We’re spending way more on weapons than on dealing with climate change, “Combat vs. Climate,” a report released Wednesday morning by the Institute for Policy Studies, a progressive think tank, compares the United States’ military and climate budgets.
Adding up all the major categories of climate-related federal spending — research on global warming and clean energy, international climate aid, renewable energy tax credits, and adaptation efforts — the group finds that the U.S. is dishing out under $20 billion this year and just over $21 billion next year. That’s $34 billion less than the Intergovernmental Panel on Climate Change says our public sector should be spending on climate change.
The report contrasts this with our military spending, which is more than $586 billion this year and $588 billion in 2017.
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