Joint Sustainability CommitteeApril 22, 2020

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Joint Sust ainabilit y Com m it t e e Clim a t e P la n Re vis ion - Goa l Upda t e April 22, 20 20 1 How do we choose a goal? • What’s necessary to meet 1.5C • Take full responsibility in the global context • We have way more resources than others • We’ve already emitted way more than other • We’re already reducing more than others • Take responsibility for our historical emissions once beyond zero • What’s realistic in terms of adoption rates / change potential Remember this isn’t all just additional cost. Avoiding catastrophic climate change has a positive NPV Co-benefits of clear air, safety, less pollution, better ecosystems are all valuable 2 Benchmarking Net Zero Goals 2050 - Portland, San Francisco, Seattle, NYC, LA 2045 - Canberra 2040 - Reykjavik, Stockholm 2035 - Helsinki 2030 - Bristol, New Castle, Glasgow, Liverpool 2025 - Copenhagen 2021 - Adelaide 3 UN 2019 Gap Report • At a global scale emissions reductions scenarios are clear • It’s difficult for nations to divide emissions reductions equitably, let alone cities 4 C40 Deadline 2020 Report Austin is a ‘Steep Decline’ city. • • • GDP per capita is over $15,000 and emissions above the average for C40 ‘Emissions need to be immediately and rapidly reduced and the city is sufficiently developed to do so’ 5 Target Comparison ● Deadline 20/20’s Steep Decline curve is slightly outdated (2016) ● The UN Gap Report target is more recent than Deadline 20/20, but it represents a global average ● Steering 20/20 captures the urgency of the UN Gap report and the city specific recommendation of Deadline 20/20 as well as: ○ A Net Zero by 2040 goal ○ A more aggressive reduction schedule to show Austin is a global leader ○ Negative emissions targets beyond 2040 to account for historic emissions 6 Proposal • Move from Net Zero by 2050 to Net Zero by 2040 • Re-starting in 2020 • Follow the C40 Steep Decline Trajectory • Aiming for Climate Justice by 2050 – Taking responsibility for historical emissions – Deeply negative emissions 7 20 5 0 v. 20 4 0 St e e p 8 This is Possible, but very aggressive 9 What could it take to meet this goal trajectory in 2030? ■ Austin Energy meets REACH carbon reduction targets and renewable energy targets ■ No new Natural Gas hookups and 25% electrification of existing housing stock ■ 50% reduction in refrigerant emissions ■ 100% of Semiconductor F-gas emissions abated ■ Getting people out of cars – 190,000 people biking 3 days a week – 150,000 people teleworking 4 days a week – 384% growth in Cap Metro Ridership (full Project Connect Buildout and exceeding targets) ■ Electrification of privately owned vehicles – 516,000 EVs on the road (50% of the total) – Nearing 100% of all new vehicle sales ■ We’re still 2 million tonnes short - Commit to community support of carbon offsets or other local sequestration 10 What’s Next? The Steering Committee supports this change moving forward This change will be communicated to all 5 Advisory Groups: - They will create strategies that match the urgency of the - Back and forth with City Staff on quantifying action / benefit / revised goal reality 11