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FEDERALhearing transcript

Senate Budget Committee Hearing: Fiscal Impacts of Climate Change on Infrastructure

Original title: BEYOND THE BREAKING POINT: THE FISCAL CONSEQUENCES OF CLIMATE CHANGE INFRASTRUCTURE

January 1, 2023

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The Frame

What this does

This hearing establishes the legislative record for how climate-related infrastructure damage may impact future federal spending, disaster relief allocations, and national economic policy.

Who is mentioned in the record

Potentially affected actors named in the source documents. Mention is not a position.

Federal Government

The federal budget faces potential fiscal impacts from climate-related infrastructure damage and disaster relief requirements.

Infrastructure Operators

Entities managing power grids, water systems, and transportation networks face operational and financial challenges due to extreme weather.

What changed

Last recorded activity January 1, 2023.

What's next

Next step not available in the current record.

Summary

The Senate Budget Committee held a hearing on July 26, 2023, to examine the economic and fiscal risks climate change poses to U.S. infrastructure. Experts and officials discussed how extreme weather events, such as heatwaves, wildfires, and flooding, threaten the stability of essential systems like power grids, water management, and transportation.

Key Facts

  • The hearing was the tenth in a series focused on the economic dangers of climate change for the federal budget.
  • The hearing took place on July 26, 2023, in the Dirksen Senate Office Building.
  • The scope of infrastructure discussed includes drinking water, sewage systems, roads, bridges, railways, irrigation, flood levees, waterways, power plants, dams, and transmission lines.
  • Chairman Whitehouse cited recent climate-related events including record heat in Phoenix, Canadian wildfires, flooding in Vermont, New York, and Pennsylvania, and drought in the Midwest.
  • The hearing included testimony from five witnesses: Governor John Bel Edwards, Dr. Susan F. Tierney, Dr. Jesse M. Keenan, Mrs. Linda Apsey, and Mr. Alexander Herrgott.
  • The committee received written statements and responses to post-hearing questions from all five witnesses, which are included in the appendix.

Frequently Asked Questions

What is the purpose of this hearing?
The hearing is part of a series examining how climate change creates economic risks and fiscal challenges for the federal government, specifically regarding infrastructure.
Who testified at the hearing?
Witnesses included Louisiana Governor John Bel Edwards, Dr. Susan F. Tierney (Analysis Group), Dr. Jesse M. Keenan (Tulane University), Linda Apsey (ITC Holdings Corp.), and Alexander Herrgott (The Permitting Institute).

Why It Matters

This hearing establishes the legislative record for how climate-related infrastructure damage may impact future federal spending, disaster relief allocations, and national economic policy.

News Coverage

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Sponsors

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Discoveries

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

policy shift90% confidence

Focus on Fiscal Risk

The committee is framing climate change specifically as a budgetary and fiscal risk rather than purely an environmental issue.

Connected Entities

personJohn Bel EdwardsGovernor of Louisiana and hearing witnessMap →
personAlexander HerrgottCEO of The Permitting Institute and hearing witnessMap →
personJesse M. KeenanProfessor at Tulane University and hearing witnessMap →
personLinda ApseyCEO of ITC Holdings Corp and hearing witnessMap →
personCharles E. GrassleyRanking Member of the Senate Budget CommitteeMap →
personSheldon WhitehouseChairman of the Senate Budget CommitteeMap →
personSusan F. TierneySenior Advisor at Analysis Group and hearing witnessMap →
organizationSenate Committee on the BudgetThe committee conducting the hearingMap →

Sources

Open source document

www.govinfo.gov

Analysis Score

0–100
  • Significance65
    How much this matters to a regular citizen
  • Controversy40
    Intensity of disagreement among stakeholders
  • Entertainment10
    Compellingness for a non-policy-wonk reader
  • Buzz20
    Current news / social attention level

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