"Debt Deal Reopens Debate on Climate Catastrophes"

"A provision tucked into the debt ceiling legislation is rekindling debate about the nation's ability to pay for soaring catastrophe losses as coastal development and carbon dioxide emissions continue to rise.

The nation has struggled for years to find an effective way to help communities rebuild homes, businesses and infrastructure after natural disasters. Now, in a collision between downward federal spending and an upward presence of catastrophes, Congress is moving to pre-fund disasters.

Source: ClimateWire, 08/10/2011


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