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Florida's economy could continue growing if they cut carbon emissions by 2050, study says

Florida's economy could continue growing if they cut carbon emissions by 2050, study says
Florida could achieve net zero by 2050 while growing the economy, creating jobs, and reducing the costs of energy and transportation for consumers, according to the report.

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A recent study conducted by The Nature Conservancy suggests that Florida's economy could continue to grow if the state were to completely stop burning climate-warming fossil fuels by 2050. The study, which used an existing greenhouse gas inventory of the state and added economic modeling to it, found that Florida could achieve net zero emissions by 2050 while still growing the economy, creating jobs, and reducing energy and transportation costs for consumers. The report estimated that it would cost just over $195 billion to convert the state's economy to zero emissions by 2050, which is only one-fifth of what the public and private sector spent overall in 2022. Researchers also calculated that the state economy would be 2% greater with decarbonization than without. The study has been met with support from experts, including Michael Snipes, an instructor of economics at the University of South Florida, who believes that this is a feasible goal that could be achieved with more aggressive and bolder steps today.

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