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Atmospheric Administration (NOAA).
Proactive efforts to address climate change – both in building resilience
and reducing damaging gasses such as CO2 and Methane – represent
specific economic development opportunities for the region.
These efforts will serve to preserve and enhance existing businesses
and industries critical to a diverse economic base. The Southeast
Florida Regional Climate Action Plan (DRAFT RCAP 3.0), currently
under development, contains Goals and Recommendations in 11
diverse topic areas including Regional Economic Resilience.
Its Guiding Goal is to “Strengthen regional economic resilience,
integrity, and opportunity through the involvement of elected and
business leadership, and the advancement of public and private
investments that mitigate climate risks and foster innovative solutions.
GOAL:
Strengthen regional economic resilience, integrity, and opportunity
through the involvement of elected and business leadership, and
the advancement of public and private investments that mitigate
climate risks and foster innovative solutions.
RCAP 3.0 (DRAFT)
Economic Resilience Recommendations
ER-1 Establish a regional economic resilience
marketing strategy
ER-2 Advance regional resilience standards and
infrastructure improvements
ER-3 Seek federal and state engagement to reduce flood risk.
ER-4 Integrate climate resilience and economic development at the
regional level
ER-5 Improve understanding of the compounding role of climate
change and sea level rise in the affordable housing crisis in the
region. Identify opportunities for integrated solutions that
center equity, prevent displacement, and bolster economic
development.
ER-6 Identify diverse funding, financing institutions, and strategies
that facilitate equitable resilience investments.
ER-7 Advocate for effective and affordable risk management
strategies.
ER-8 Serve as a model for national climate resilience.
Source: https ://southeastfloridaclimatecompact.org/regional-climate-action-planrcap-3-0-development/
28 | Page
In recent years, extreme heat has become an increasingly important
concern. Findings from the report EXTREME HEAT The Economic and
Social Consequences for the United States, produced by the Atlantic
Council’s Adrienne Arsht Rockefeller Foundation Resilience Center,
states that extreme heat is the number one cause of death related to
climate change. One of the economic and societal consequences of
extreme heat is labor productivity losses, particularly in industries
involving outdoor work or in environments that are not airconditioned such as agriculture, construction, trade and logistics,
transportation, warehousing, and certain sectors of the hospitality and
leisure such as outdoor tourist attractions or parks.
The second effect is health outcomes with extreme heat being the
leading cause of death in the United States. The serious consequences
of extreme heat have more recently come into greater focus with
average temperatures expected to increase, creating the potential for
longer and hotter heatwaves. Since 1970, Miami-Dade County has had
an average increase of days above 90°F from 84 to 133 days per year
and 152 days per year for Broward County (Sources Beat The Heat
Broward (arcgis.com) and Extreme Heat Protection Efforts - The Miami
Foundation) and this will continue to rise. It is estimated that extreme
heat causes $10B annual economic costs to Miami-Dade alone with a
projected increase to $20B by 2030. Labor productivity losses for the
Source: https ://southeastfloridaclimatecompact.org/regional-climate-action-plan-rcap-3-0-development/
29 | Page
State of Florida are estimated to be $11 billion a year and are expected
to increase to $52 billion by 2050.
Federal, state, and local governments are making significant
investments in both planning and infrastructure to grapple with the
mounting impacts of climate change. Demonstrating its
commitment to water resources, the State of Florida invested $1.2
billion for Everglades restoration and the protection of Florida’s water
resources in FY 2022-2023. This appropriation in the Everglades
Restoration and targeted water quality improvements brings the total
investment for the past four year in these areas to more than $3.3
billion, more than double the investment of the previous four years.
Additionally, in FY 2021–2022 the Florida Legislature created, and
Governor DeSantis approved, the Resilient Florida Grant Program
with federal and state funding of more than $640 million. The State’s
Resilient Florida Program included 76 projects totaling more than $270
million for the three-year Flooding and Sea Level Rise Resiliency Plan,
nearly $20 million for 98 projects in planning grants and over $404
million for 113 environmental resiliency projects across the state. The
FY 2022-2023 Budget invests over $500 million for resiliency, $50
million for beach nourishment and inlet management, and $30 million
for state park beach nourishment.
Central & Southern Florida Project
A key to economic resilience in South Florida is the proposed Central
and Southern Florida Flood Resiliency Study. The Central and
Southern Florida Project (C&SF) was authorized by Congress in 1948 –
more than 70 years ago- and has served as an invaluable contributor to
the economic success of south Florida, particularly Miami-Dade,
Broward, and Palm Beach counties. However, it was designed to
deliver flood protection for 2 million residents, not the 11 million it
currently serves or the estimated 15 million the C&SF is expected to
serve in 30 years. Today the C&SF system is under substantial stress
due to changes in the physical environment, especially increased
rainfall intensity and rising sea levels. Stormwater severely strains the
system and sea level rise significantly threatens project operations.
operations.
It is important to understand that central and southern Florida was
carved out of the historic Everglades. Drainage Canals were built to
drain the land to make the land suitable for agriculture and to prevent