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The White House Is Going To Ask Congress For A $1 Billion Climate Resilience Fund
The White House Is Going To Ask Congress For A $1 Billion Climate Resilience Fund | ThinkProgress
The White House Is Going To Ask Congress For A $1 Billion Climate Resilience Fund | ThinkProgress
During a tour of drought-stricken California on Friday, President Obama will ask Congress to establish a $1 billion Climate Resilience Fund, Politico reports.
The proposal will be included in Obamas 2015 budget, scheduled to be released next month. The fund is separate from the Presidents broader climate action plan, in that it does not rely exclusively on executive authority and must be passed by Congress. Its goal will be to drive new technologies and forms of infrastructure to prepare for increased extreme weather and the other effects of climate change, to aid communities preparing for those challenges, and to add to the ongoing research into climate changes impacts.
The Center for American Progress proposed a similar effort last year, modeled on efforts in New Jersey and New York City. We must increase the federal investment in community resilience to reduce fatalities and the economic damage wrought by extreme weather events, the paper argued.
Recent events have reinforced our knowledge that our communities and economy remain vulnerable to extreme weather and natural hazards, the White House said in a statement on Thursday.