Florida Future Fund would assist guarantee a safe, simply and climate-ready future for Florida – Florida Development
The damaging results of utmost climate situations brought on by local weather change have more and more threatened the general public well being and financial well-being of Florida residents, particularly low-income communities and communities of colour with the fewest assets. to scale back these dangers.
A brand new report of the Middle for American Progress and the CLEO Institute urge state leaders to create a Florida Future Fund that can spend money on equitable local weather infrastructure, clear power sources and wholesome communities.
By way of private and non-private investments, the fund would offer funding alternatives to municipalities, counties and areas for flood safety, resilience and clear power and transportation initiatives. For each greenback invested in constructing resilient communities and infrastructure, $ 6 is saved on future prices induced by local weather change, together with financial disruption, property injury, public well being crises and deaths brought on by local weather change. hurricanes, floods and different excessive climate disasters, in accordance with the report. mentioned.
“Because the local weather disaster accelerates, the Florida Future Fund gives a forward-thinking and equitable method to modernizing the crucial infrastructure wanted to help the state’s financial system, deal with historic inequalities and assist communities higher put together. for the long run ”, declared Cathleen Kelly, senior researcher at CAP and co-author of the report.
“The previous decade has proven us that many interrelated challenges in Florida, and throughout the nation, might be addressed by designing and implementing methods that clear up environmental, financial and social points whereas limiting threat,” mentioned mentioned Yoca Arditi- Rocha, govt director of the CLEO Institute. “As a way to sort out the inextricably linked problems with financial inequality, environmental disparities, and our local weather change, Florida should make investments closely in local weather equitable infrastructure and clear power to be resilient and local weather prepared.”
The creation of the Florida Future Fund won’t solely save lives and assist Florida keep away from the devastating results of utmost climate situations, but in addition help jobs – a billion greenback funding in stronger infrastructure and flood protections alone may create as much as 40,000 jobs within the state. Given the extreme inequalities in local weather impacts and entry to scrub power and transportation in Florida, CAP and CLEO advocate that at the very least 60% of investments by way of the Florida Future Fund go on to low-income communities. revenue, communities of colour and front-line communities.
Learn the report: “Securing a safe, simply and climate-ready future for FloridaBy Bianca Majumder, Cathleen Kelly, Salome Garcia, Yoca Arditi-Rocha and Katrina Erwin
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