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CITY OF LAKEWOOD(-I.Ik1lA,'I I, ACTION IIPILAINI <br /> Building retrofits to improve energy efficiency will also improve indoor air quality in dwellings and <br /> office spaces,which can reduce health care costs and absenteeism at work. Reduced air pollution <br /> from the combustion of fossil fuels(on roads, in houses,and in electricity generation)will reduce <br /> health problems such as asthma and chronic obstructive pulmonary disease. <br /> Implementing the plan will also create more jobs—over 6,000 person-years of employment <br /> compared to continuing business as planned between 2023 and 2050. <br /> . Electrification is the keystone of the plan. <br /> The plan's primary strategy for reducing GHG emissions is switching <br /> heating and transportation systems from fossil fuels to electricity.Achieving <br /> Lakewood's net-zero target requires a resilient and flexible electrical <br /> distribution system that enables households and businesses to install heat <br /> pumps, charge vehicles,and generate and source clean electricity. <br /> 5. Building retrofits reduce the impact on the electrical grid. <br /> Combined with local solar generation and electricitystorage, building <br /> retrofits <br /> are expected to reduce annual electricity consumption to create space on the <br /> electrical grid for electrifying heating and transportation.The combination of <br /> replacing electric baseboards with heat pumps and retrofitting homes and <br /> buildings generates electricity savings,or negawatts.3 The negawatts are then <br /> 000 <br /> used to power heating and transportation. Building retirofits are also dhe key <br /> N strategy for shimula'tung employment, addiressing elnelrgy povelrty, and <br /> ilmplroviing living conditions folr vulnerable populations. <br /> . Implementation strata ies can be designed to address equity. <br /> Decisions on the type, order,and magnitude of any actions implemented <br /> will impact not only emissions reductions but also how people experience <br /> physical,social,and economic impacts of climate change and climate policy. <br /> I Systemic injustice places greater risk from climate impacts on vulnerable <br /> communities.As a result,an equity lens must be applied to decision-making <br /> on both the approach to implementation and the costs of inaction. <br /> Many actions outlined in this plan will benefit low-income and equity-seeking <br /> groups. For example,the Low-Carbon scenario(LC scenario)reduces transportation costs for <br /> households and increases accessibility to destinations.This is particularly beneficial for households <br /> that are primarily dependent on personal vehicles or public transportation. <br /> Implementing the Low Carbon pathway can also reduce energy poverty,when a household's <br /> energy costs represent a disproportionate share of their income,and careful policy design can <br /> ensure benefits for both renters and homeowners. Since the Low Carbon pathway involves <br /> investments,the mechanisms for financing the investments could generate higher returns for <br /> investors,which could exacerbate inequality. It is therefore important to consider the impacts on <br /> various groups when designing policies to support implementation. <br /> 3 Note that the impact on peak electricity demand was not assessed and would require a deeper analysis. <br /> , 11111 <br />