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[Image omitted] - Cimate change poses risks to the environment and the economy and presents a significiant financial risk to the federal government, says the Government Accountability Office, which added federal exposure to climate change to its bienially-updated list of high-risk areas.
The federal government is "not well positioned to address this fiscal exposure, partly because of the complex, cross-cutting nature of the issue," the GAO says in the 2013 edition of the high-risk report (.pdf).
The GAO warns in its report that climate change could threaten coastal areas with rising sea...