(Reuters) — The Biden administration announced Friday it is putting more than $3 billion into two federal programs to help communities deal with floods, wildfires, extreme heat and other problems imposed by climate change.
Funding for the Building Resilient Infrastructure and Communities program, which funds projects that protect people and infrastructure from natural hazards and the effects of climate change, will more than double to nearly $2.3 billion.
The Flood Mitigation Assistance program, which funds projects to help mitigate flood risks for homes and communities, will see a five-fold increase in funding to $800 million.
Some of the funding for the two Federal Emergency Management Agency programs will come from last year’s bipartisan infrastructure law, with $700 million for the flood program and $200 million for BRIC. The rest will come from FEMA’s Disaster Relief Fund.
“Chronic lack of investment in climate resilience has only made matters worse for America’s crumbling infrastructure,” FEMA Administrator Deanne Criswell said in a statement. “Unfortunately, these issues are magnified in
historically underserved communities.”
Last year, in just one example of the types of disasters that scientists say are made worse by climate change, Hurricane Ida hit Louisiana as a Category 4 storm, killing nearly 100 people and causing an estimated $64 billion in damage.
The White House said in April that the upper range of climate change’s hit to the U.S. budget by the end of the century could total a 7.1% annual revenue loss, equal to $2 trillion a year in today’s dollars.