CHAMBERS IN ACTION

Local chambers across the country are taking the lead in creating and convening clean energy conversations, best practices, events and advocating on local policy.

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FL Businesses Encouraged to Work with Insurers and Government to Stabilize Insurance Costs

Florida has come a long way in a relatively short time to understand that the climate is changing and that businesses and residents alike need a plan. The link between the climate crisis and insurance rates has prompted insurers to evaluate  the amount of risk they are willing to take as weather disasters become increasingly intense. Insurance rates for property and business owners in the sunshine state are rising rapidly in some locations.  

Chambers for Innovation and Clean Energy (CICE) partnered with Florida Association of Chamber Professionals (FACP) and the Greater Fort Lauderdale Chamber of Commerce to discuss how chambers, businesses, insurers, and local governments can work together to build climate resiliency and stabilize insurance costs. Speakers included:

  • Dan Lindblade, CEO, Greater Fort Lauderdale Chamber of Commerce
  • Anita Byers, President, Setnor Byer Insurance
  • Chris Sharek, Senior Project Manager, Jacobs and Board of Directors, Manatee Chamber of Commerce
  • Alex Reed, Director, Office of Resilience and Coastal Protection Florida Department of Environmental Protection

Data confirming the climate crisis is undeniable and “It’s shocking that we go on with business as usual,” says Dan Lindblade. He encouraged chambers to discuss climate resilience within their board of directors and work to educate members on the issue. Climate risk includes droughts, fires, excessive heat, storm surge, flooding and sea level rise.  The groups insuring against these events include insurance companies, financial institutions, and the government. The cost of climate risk (internationally) is 2% gross of domestic product (GDP), but it is expected to rise to 4% by 2050 due to climate induced costs. While most insurance companies recognize the magnitude of climate risk, fewer than half have taken real steps to resolve the risks, but insurance companies are changing their perspective. Insurance companies are no longer worried about scaring away banks by talking about climate impacts. Historical models, which have been used to project climate risk, are no longer viable due to the increased pace of climate change.  

In Florida insurance companies are getting more selective on what properties they will insure. This change could result in a 100-150% increase on older properties, especially if the roof is older, and a 10-15% increase for newer properties/roofs. Climate risk is also impacting other types of risk, including general liability and directors and officer claims. 

The business community must be proactive. For so long, risk was simply transferred to the insurance company and property owners washed their hands of the risk. Property owners need to start now to make sure their risk is the type of risk that they are willing to fund themselves, because if they aren’t willing to fund it themselves, they may not find anyone else to fund it,” says Anita Byers. 

With extreme weather becoming more dangerous and destructive, it’s important to be proactive and look for solutions before the next storm or flood hits. Chris Sharek with Jacobs said we need to be “solution focused” when talking about climate resilience. Jacobs, an engineering firm, has been working on climate resiliency projects throughout the state, aiding businesses of all kinds to be proactive. One project in particular, executed for Tyndall Air Force Base, included a 4 billion dollar rebuild of the base to create a new design standard as a result of the damages endured by Hurricane Michael. This is a prime example of the private sector throwing their hat in the ring and making efforts towards climate resiliency alongside government entities. 

State and local governments play a vital role in climate discussions. Senate Bill 1954, signed by Gov. DeSantis in May 2021, otherwise referred to as the climate resilience legislation has four key components. 

  • Affirms  that Florida has a problem with sea level rise and flooding. 
  • Introduces a grant program to help communities adapt. 
  • Affirms this is a state issue, not just a coastal issue. 
  • Outlines the need for a statewide vulnerability assessment with prioritized funding going to the most critical assets.
 
This legislation has been a great first step for advancing climate resiliency throughout the state.

Alex Reed with the Office of Resilience and Coastal Protection of the Florida Department of Environmental Protection, the state department tasked with implementing SB 1954, said businesses can be a big help by reaching out to their local government in support of climate legislation. “This needs to be a community effort,” says Reed. Not every community has the same assets or needs, but the business community can help identify regionally significant assets that may support adjacent communities. 

Businesses of all sizes will continue to be affected by the climate crisis, especially in a high risk state such as Florida. Taking action as a chamber is beneficial for members, and the community in which everyone serves. Chambers have the opportunity to lead by example and work alongside government entities and businesses to ensure a better future for all. Claim your seat at the table and be prepared for a bumpy ride.

  • Watch the full video here.
If you would like to learn more about clean energy opportunities in your community, please contact Anne Feldhusen.
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NC Chamber leaders gather for offshore wind industry summit
Chambers for Innovation Chambers for Innovation

NC Chamber leaders gather for offshore wind industry summit

Chambers for Innovation and Clean Energy hosted its first-ever Chamber of Commerce North Carolina Offshore Wind Summit on Friday October 27 in Wilmington, NC, a hot spot area for offshore wind development. Chamber and economic development leaders heard from experts in the industry and saw firsthand the $109 billion economic potential of offshore wind (OSW) through supply chain opportunities and development off the coast. 

Presenters included:

  • John Hardin, Executive Director, North Carolina Dept. of Commerce

  • Ashley McLeod, Stakeholder Engagement Director, Kitty Hawk Offshore Wind Project at Avangrid Renewables

  • Ed Conner, President, SpanSet

  • Jeff Andreini, Vice President New Energy Services and Arketa Howard, Mid-Atlantic Regional Director, Business Policy and Affairs for Offshore Wind with Crowley Marine Services

  • Jaime Simmons, Southeastern Wind Coalition

  • Mark Fleming, President and CEO, Conservatives for Clean Energy and former President and CEO, Wake Forest, NC Chamber of Commerce

The Wilmington (NC) Chamber of Commerce has seen the impacts offshore wind has had on their local economy and welcomes new development. “I’m so excited for the opportunity and growth brought by offshore wind,” says Megan Mullins, Wilmington Chamber. 

Responding to NC Governor Cooper’s goal of 30 GW of OSW development in the state; several speakers noted the much-anticipated opportunity for new jobs creation and economic growth for the state. “The 30GW target for offshore wind will be big for the economy and for supply chain organizations including steel production,” says Frank Fisher, Nucor. 

Additionally, with over 8,000 components in a wind turbine, there is plenty of opportunity for NC’s 55 wind energy supply chain companies to expand their manufacturing base to support the OSW industry. John Hardin with the North Carolina Department of Commerce honed in on the supply chain opportunities, “Whether you’re on the coast or in the mountains, the state of North Carolina can benefit from offshore wind supply chain opportunities.” Ed Conner with SpanSet said, “Offshore wind is a big opportunity and billion dollar market for supply chain businesses.”

Current NC OSW plans include Avangrid Renewables’ Kitty Hawk Wind project off the coast of Corolla. Over the next decade the project will bring in billions of dollars, including $1.5 billion in construction activities and sales, alone. Ashley McLeod, Lead- OSW Public Affairs, Avangrid Renewables, shared the new clean energy job opportunities for current and upcoming workforce in the state and said, “This is my advice to chambers, you should reach out to your local schools and show kids that the offshore wind industry is a great option for them, with high paying jobs without a 4 year degree.” 

Addressing how NC residents perceive OSW, Jaime Simmons, Southeast Wind Coalition (SEWC) Program Manager, joined the group to bust some OSW myths and share results from a recent study conducted for SEWC. That survey found that 7 in 10 people are supportive of OSW in North Carolina. “We found support for offshore wind in North Carolina across political parties, and many demographics,” said Simmons. 

Ambitious goals paired with ambitious leaders will fuel the clean energy economy and provide opportunities for chamber members and communities across the state. “There isn’t a more valuable ally than local chamber executive and economic development leaders in clean energy development,” says Mark Fleming, Conservatives for Clean Energy. “Chambers are the perfect conveners to be able to get the right information on the table.” 

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The Clean Energy Economy Bodes Well for Arizona Jobs and Economic Growth
Chambers for Innovation Chambers for Innovation

The Clean Energy Economy Bodes Well for Arizona Jobs and Economic Growth

Chambers for Innovation and Clean Energy (CICE) and Arizona Forward hosted a virtual briefing on October 5 to discuss the opportunities associated with Arizona investing in a clean energy economy, the bipartisan infrastructure bill, and other federal policies that could positively impact the state. 
 
Representative Greg Stanton (D-AZ) opened the session, with more than 200 attendees, by providing an overview of the proposed infrastructure bills in Congress and the effects climate change is playing on our economy and quality of life, saying “Arizona, and our entire nation needs to invest in infrastructure.” He discussed the vital investment in electric vehicles and renewable energy that will stimulate the economy with new, high paying jobs and local tax revenues and keep the state on track for a clean energy future, continuing on to say, “Everyone at every level everywhere needs to work together.”
 
Representative Stanton was joined by:

  • Todd Brady, Director of Global Public Affairs and Sustainability, Intel Corporation
  • J. Drake Hamilton, Senior Director of Science Policy, Fresh Energy
  • Elgie Holstein, Senior Director for Strategic Planning, Environmental Defense Fund
  • Ryan Evans, Executive Director, Chambers for Innovation and Clean Energy
 
Todd Brady of Intel, highlighted the opportunity for economic growth and job creation via the corporate sector, not only from investments within their own firms but from their respective supply chains, saying, “What I'm hearing from my peers at other companies and what we're hearing from our customers, is not only requesting, but requiring their suppliers to move to 100% renewable energy - what better way to make Arizona even more attractive for business." With many major companies such as GM, Amazon, and Microsoft pledging to be 100% renewable in the near future, Arizona, with a good economic development plan and state policies associated with clean energy, will be an attractive location for new investors, businesses, and revenue.
 
Ryan Evans with CICE talked about the investment in clean energy and the payoff in return. “Let’s be clear that moving to a clean energy economy costs money. Investments will need to be made but because of the economics of renewable energy and [energy] storage, those investments have a clear and significant ROI,” says Evans. “We’ve seen it in other states and we’ve seen it in Arizona. Not only by investing in a clean energy economy, can you procure more clean energy, but you will develop jobs and tax dollars for your state and local communities.” 
 
Attendees were asked to voice support with the Arizona Federal Delegation for investments in infrastructure and in particular investments that address climate change and promote clean energy jobs through calls, letters, and further outreach to their local policymakers; sharing the message that Arizona is open for business. 
 
  • Watch the full discussion here.  
If you would like to learn more about clean energy opportunities in your community, please contact Anne Feldhusen.