April 29, 2015 Lucinda Smith Climate Action Plan Process

April 29, 2015

Lucinda Smith

Climate Action Plan Process

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Fort Collins Climate Action Leadership

1st Volun-tary

Wind Program

Local Action

Plan Energy PolicyClimate

Wise formed

Climate Action

PlanFramework

Energy Policy

Climate Action

Plan

199

8

199

9

200

0

200

3

200

8

200

9

201

5

333

2013 Progress

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• Energy Policy programs saved $31M during 2013

• ClimateWise partners saved $15 million in 2013 alone, over $83 million since the program began in 2000

• FortZED - testing and demonstrating new technologies, supporting innovative businesses, and securing outside grant funding

• Waste Diversion – Jobs per 10,000 tons of discards• Landfilling – 1 job• Recycling - 10 jobs • Reuse - 75-250 jobs Source: Institute for Local Self-Reliance

Support for Local Economy

5

What have we learned…. (Feb 2014)

• All scenarios are transformative• It’s technically possible to be much more

aspirational in goals (acceleration) – RMI• Efficiency can largely offset expected growth• Energy supply resources must be changed• Long term benefits outweigh costs

• - Increased near-term investment needed

• - Invest now for long term payback• A leadership position brings resources to

accomplish the goals5

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April 2014 City Council Direction

Fort Collins is well-positioned to demonstrate to other communities how deep reductions in greenhouse gas emissions can be made within the span of several decades while remaining economically vibrant.

….describe the steps the Fort Collins community will need to take to achieve a community-wide greenhouse gas emissions reduction *goal of • 20% by the year 2020• 80% by the year 2030• 100% by the year 2050 – carbon neutrality

*Goal reductions relative to 2005 levels

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Resources

Community• Citizen Advisory Committee• Council Advisory Boards• Public / Stakeholders

Subject Matter Experts• Citizen Advisory Committee• Local & National experts

Consultants

• Brendle Group• Rocky Mountain Institute• Platte River Power Authority

88

Public Engagement

• 15 stakeholder groups

• 8 City Council Advisory Boards

• Three public open houses

• Web comment opportunity

99

Community GHG Goals(Adopted March 2015)

1010

Climate Action Plan (CAP)Framework

• High level strategic plan• Requires periodic updates• Each action requires further

analysis and vetting

2015 CAP Framework

111111

Climate Action Plan FrameworkStrategies

11

o BUILDINGS (71% of emissions)

o TRANSPORTATION (25% of emissions)

o ENERGY SUPPLY

o ROAD TO ZERO WASTE (3% of emissions)

121212

BUILDINGS

12

NEW Buildingso Drive incrementally

downward to net zero energy

EXISTING Buildingso Increase efficiency of

existing buildings (codes, incentives)

1313131313

TRANSPORTATION

o More Fuel Efficient & Electric Vehicles

o Increase Multi-Modal Transportation

1414141414

ENERGY SUPPLYo Advance Utility Scale Renewable

Energy Supply

o Advance Residential and Commercial Solar Adoption

o Shift Heating Loads to Biofuels, Geothermal, and Electrification

Energy Supply

15151515

-

50,000

100,000

150,000

200,000

250,000

300,000

Rene

wab

le E

nerg

y (M

Wh)

Platte River Current Wind and Solar Supply Trend

Total Carbon Free – 32%

19% Hydro11% Wind 2% Solar

Source: Transitions

1616

2020 2050% below 2005

baseline32%+ 86%+

Cumulative Costs

$600M Cost

$3.3- 4.6B Costs

Cumulative Savings

$ 300M Savings

$5.9-10.8B Savings

Net Cumulative Costs/Savings

$300 M Cost

$2.5 - 6.2 B Savings

2015 CAP Framework:Preliminary Costs /Savings Estimates

* Note important caveats

17171717

Cost Analysis Still Neededo Energy storage optionso Infrastructure enhancementso Stranded assets

Analysis does not consider indirect economic benefitso Improved healtho Job creationo Increased resiliency

Preliminary Costs/Saving Caveats

18181818

Potential Financing Approaches

18

Municipal financingDirect borrowingNew revenue streamsVendor financingPublic-private partnershipsFederal funding program / grant moniesCreate “Green Bank” to co-fund investmentsFoundation/not-for-profits pool of capitalSales of advertising/naming rightsVenture fund Carbon tax or fee

1919

Contacts

Lucinda Smith Lisa Rosintoski Environmental Services Dir. Utilities Customer Connections Mgr.

970-224-6085 970-416-2432

lsmith@fcgov.com lrosintoski@fcgov.com

fcgov.com/climateprotection

fcgov.com/utilities