(Bloomberg) – Federal programs to protect Americans against extreme weather and other natural disasters save even more money than previously thought, according to a report funded by the same agencies that have proposed cutting many of those programs.
The report, released Thursday by the National Institute of Building Sciences, found that every $1 the federal government spends on so-called mitigation projects, such as elevating homes at risk of flooding, improving stormwater management systems or strengthening buildings against earthquakes, reduces future costs by an average of $6.
Growing effects of climate change?
That's higher than the 4-to-1 savings the institute last estimated in 2005; the increase reflects the growing effects of climate change as well as better data and measurement, according to the group.
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