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6.A. - Page 16 of 251 <br />Executive Summary <br />Executive Summary <br />Cities are on the front lines when it comes to climate change. Cities are also leading the world in reducing carbon <br />emissions through aggressive policies and adoption of clean technologies. Redwood City's Climate Action Plan <br />(CAP) establishes the goal of reducing carbon emissions 50 percent below 2005 levels by 2030, an interim step <br />toward the ultimate goal of achieving carbon neutrality well before 2045. <br />Redwood City has already made significant progress in its climate action efforts. Between 2005 and 2015, Redwood <br />City reduced its emissions by 167,688 metric tons (MT) of carbon dioxide equivalents (mtCO2e) to achieve 22.7 <br />percent below 2005 levels. <br />Since the adoption of the first CAP in 2013, some of our major accomplishments include: <br />residents. <br />• Resulting in almost $4MM in utility incentives claimed by community members <br />• Moving City accounts to 100% renewable and carbon free electricity. <br />-Achieving an over 97% opt -in rate communitywide. <br />-Over $2 MM in utility costs in 2017 <br />-Over $1.8 MM in 2018 <br />•$2.4 MM in 2019 <br />In order to achieve a 50 percent reduction by 2030, Redwood City would need to reduce total emissions by about <br />350,562 mtCO2e, significantly increasing the scale and speed of reductions. This "bending of the carbon curve" is <br />essential to meeting the goal of carbon neutrality well before 2045 and avoiding worsened climate change impacts. <br />City of Redwood City Climate Action Plan <br />321 <br />