Gov. Arnold Schwarzenegger joined other political and business leaders on San Francisco's Treasure Island Wednesday morning to announce the release of the final report of the state's strategy to address climate change.
The California Climate Adaptation Strategy is an effort to address the effects of climate change on the state, which some scientists estimate could cause temperatures to rise by as many as seven degrees and threaten $2.5 trillion of California's assets in the next century.
"There's no single issue that threatens our planet's health and prosperity more than climate change," Schwarzenegger said.
The governor pointed out that the estimated rise of sea levels over the next century would put most of Treasure Island underwater, as well as many coastal regions in the Bay Area.
The report announced Wednesday, headed by the state's Natural Resources Agency, focused on seven different sectors -- public health, biodiversity and habitat, ocean and coastal resources, water management, agriculture, forestry, and transportation and energy infrastructure - and made recommendations on reducing risks caused by climate change.
"I'm always about thinking ahead, and we'll save the state billions of dollars if we start thinking about all of those threats right now," Schwarzenegger said.
One of the recommendations made in the report was to create the Climate Adaptation Advisory Panel, a 23-person panel made up of prominent business, labor, government and private sector leaders.
The panel will not receive a salary and will focus on three hazards: increased wildfires, rising sea levels and reduced availability of water, which could impact California in the coming years.
It will develop recommendations for the governor and Legislature in July 2010.