Axios: “1 Big Thing: Why Replacing Fossil Fuel Revenue is Hard”
A new paper by researchers at RFF and the University of Michigan is the focus of two segments in Axios' Generate newsletter.
“It will take far more than renewables growth to sustain communities facing local revenue loss if strong climate policies curtail fossil fuel production and use.
Driving the news: New research from Resources For the Future and the University of Michigan explores how different forms of energy provide revenues in 79 counties across 10 states, Ben writes.
Why it matters: Limiting climate change will require moving away from fossil fuels. Yet they provide vital tax revenue and other money streams for services like schools, roads, and safety.”
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