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FPL Group part of groundbreaking global agreement to fight climate change Joins companies and organizations from around the world to endorse bold framework for clean energy, climate change action

JUNO Beach, Fla. – FPL Group, Inc. (NYSE: FPL), announced today that it has endorsed the Joint Statement of the Global Roundtable on Climate Change (GROCC). This Global Roundtable brings together more than 150 critical stakeholders from all regions of the world - including senior executives from the private sector and leaders of international governmental and non-governmental organizations - to discuss and explore areas of consensus regarding core scientific, technological and economic issues critical to shaping sound public policies on climate change.

The statement lays out a proactive framework for global action to mitigate climate change risks and impacts while also meeting the need for energy, economic growth and sustainable development around the world. It outlines cost-effective technologies that exist today and others that could be developed and deployed to improve energy efficiency and to help reduce emissions of carbon dioxide (CO2) and other greenhouse gases (GHGs) in major sectors of the global economy.

More specifically, the statement calls on appropriate stakeholders to: set scientifically informed targets for global GHG concentrations, including ambitious but achievable interim goals for CO2 and to take immediate action in pursuit of those targets; to develop mechanisms to place a price on carbon emissions that is reasonably consistent internationally and across sectors in order to reward efficiency and emission avoidance and encourage innovation; establish policy initiatives to address energy efficiency and de-carbonization in all sectors, encouraging the development and rapid deployment of low-emitting and zero-emitting energy and transportation technologies, and providing incentives to reduce emissions from deforestation and harmful land management practices; as well as other related actions.

Endorsers of the Joint Statement represent a broad spectrum of interests including entities from the fields of energy, government, air transport, manufacturing, banking, insurance, technology, religious organizations and many others.

“Solutions to climate change go well beyond our industry and our nation’s borders. We are delighted to be part of this positive collaboration supporting efforts to mitigate climate change risks and impacts while also meeting the need for energy and economic growth.  As the world leader in renewable energy and the nation's leading utility in energy conservation programs, FPL Group knows how important it is to balance the need to provide reliable, low-cost power with the desire to minimize our impact to the environment,” said Lew Hay, chairman and chief executive officer of FPL Group.

For a copy of the full statement and list of signatories, please see http://www.earthinstitute.columbia.edu/grocc/

FPL Group, with annual revenues of nearly $16 billion, is nationally known as a high quality, efficient, and customer-driven organization focused on energy-related products and services. With a growing presence in 26 states, it is widely recognized as one of the country's premier power companies. Its principal subsidiary, Florida Power & Light Company, serves 4.4 million customer accounts in Florida.  FPL Energy, LLC, an FPL Group competitive energy subsidiary, is a leader in producing electricity from clean and renewable fuels.  Additional information is available on the Internet at www.FPLGroup.comwww.FPL.comandwww.FPLEnergy.com.

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