The bill adopts the following greenhouse gas emission reduction goals:
- Statewide greenhouse gas emissions should be reduced by 26% by 2025 when compared with 2005 levels; and
- Carbon dioxide emissions from electrical generation, when compared with 2012 levels, should be reduced by 25% by 2025 and by 30% by 2030.
The Colorado resiliency and recovery office in the division of local government in the department of local affairs is required to, on an ongoing basis:
- Collect and analyze data regarding the economic and environmental impacts of not addressing climate change and calculate the economic costs of climate change;
- Develop a model to estimate the future impacts of climate change on Colorado;
- Analyze the results of the modeling on regional and Colorado-specific climatic conditions currently and the expected future conditions under a variety of climate change scenarios;
- Update the Colorado resiliency framework, taking into account the goals, the rules, and the data and analysis; and
- Develop tools and resources to support locally led climate resilience initiatives.
The bill appropriates $432,345 and 1.6 FTE to the department of local affairs for use by the Colorado resiliency and recovery office to implement the act.
(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)