Florida Climate Action Plan Steve Adams Deputy Executive Director Governor’s Energy Office State of Florida December 2, 2008

2 Action Team on Energy & Climate Change Created by Executive Order The Governor’s Action Team on Energy and Climate Change was created to develop a comprehensive Energy and Climate Change Action Plan that will fully achieve or surpass targets for greenhouse gas reduction. Florida Energy and Climate Action Plan

3 Gross greenhouse gas emissions by sector, 2005: Florida and U.S. Florida Energy and Climate Action Plan

FL GHG Emissions and Projections ( ) 4 Florida Energy and Climate Action Plan

5 Sector contributions to gross emissions growth in Florida, 1990–2025 (BAU) Florida Energy and Climate Action Plan

FL GHG Emissions and Projections from Transportation, Florida Energy and Climate Action Plan

Greenhouse gas reductions in 2025 from 28 recommended policies Florida Energy and Climate Action Plan

“Opportunity Map” Identifying the Costs and Cost Savings in 2025 from 28 Recommended Policies Florida Energy and Climate Action Plan

Cost curve for 28 policy recommendations – Florida, 2025 Florida Energy and Climate Action Plan

McKinsey GHG Abatement Curve

11 GHG Reductions from Recent and Planned Actions/Recommendations 11 Florida Energy and Climate Action Plan

Action Team Principal Conclusions Based upon the findings of the IPCC, Florida’s resources, communities, and economy are expected to experience significant impacts if the current trajectory of global greenhouse gas emissions is not reversed; Early action to address global climate change has significant energy security benefits for Floridians, while positioning the state to become a regional and hemispheric hub of green technology innovation and investment; Energy efficiency, demand‐side management, and energy conservation present Florida with numerous opportunities to reduce energy costs, increase the buying power of Florida’s families, and make the state’s business sector more cost‐competitive in the global market; Investments today in low‐carbon energy sources – renewables, nuclear power, and biofuels – will stimulate Florida’s economy and redirect current expenditures on imported fossil fuels toward Florida‐based energy sources retaining significant flows of money within local economies; Market‐oriented regulations will efficiently guide a low‐carbon economy while protecting energy consumers, maintaining Florida’s agricultural competitiveness, and building more sustainable communities. Florida Energy and Climate Action Plan