OMB and agencies have identified about $70 billion available from fiscal 2008 – 2012 for climate change related activities, with the large majority – about 80 percent –going toward technology development and deployment, mostly through the Department of Energy, the Congressional Research Service has said.
It was responding to a request from the House Energy and Commerce Committee which was following up on a hearing last month before its energy and power panel on "The Obama Administration’s Climate Change Policies." DoE and the EPA attended while 11 other agencies declined.
According to the CRS report, over one third of identified funding was enacted in the Recovery Act.
The funding was broken down into categories for global climate change research, climate change technology, a global climate change initiative, and adaptation. CRS noted that it was unable to find complete data on climate change budget authority however, as some programs may have been funded prior to 2008 and only later identified as climate related while reprogramming and rescissions may have affected other funding levels.
