Posted On March 16, 2021 FOR IMMEDIATE RELEASE Media Contact: Ian Quartin – iquartin@CLEOInstitute.org Phone (305) 573-5251 Miami — A report released today by The CLEO Institute proposes a strategy for state leaders to reduce the impacts of hurricanes, rising seas, and hotter temperatures on Florida communities, particularly those who are vulnerable because of limited resources to address risks. The Florida Future Fund would improve public health, promote energy independence and reduce environmental risk for residents statewide. A mix of public, private and philanthropic funding would be used to support investments in projects for pollution reduction, future-ready infrastructure, flood protection, clean energy, and expanded public transportation, with a specific emphasis on equitable access to funding. “The last decade has shown us that many of the interrelated challenges in Florida, and throughout the nation as a whole, can be tackled by designing and implementing strategies that solve environmental, economic, and social problems while limiting risks,” said Yoca Arditi- Rocha, executive director of the CLEO Institute. “In order to address the inextricably linked issues of economic inequality, environmental disparities, and our changing climate, Florida must heavily invest inequitable climate infrastructure and clean energy to be resilient and climate ready.” The CLEO Institute recommends at least sixty percent of Florida Future Fund dollars would go to communities of color and communities that are low-income. An advisory board that includes seats for community representatives would help ensure an equitable project selection process. For every $1 invested in building resilient communities and infrastructure, $6 are saved in future costs, including from economic disruptions, property damage, public health crises, and deaths caused by hurricanes, floods, and other extreme weather disasters, the report notes. Read the report: “Securing a Safe, Just, and Climate-Ready Future for Florida” by Bianca Majumder, Cathleen Kelly, Salome Garcia, Yoca Arditi-Rocha, and Katrina Erwin.