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.”
Click on the link above for the full story.
Press Release — Jan 23, 2024
Renewables Can Build Revenue for Local Governments. For Fossil Fuel Communities, It Won’t Be Enough.
A new paper shows that, in the counties where fossil fuels play a major role in the economy, revenue from renewables won’t be able to replace those from fossil fuels due to lack of physical space and other barriers.
Working Paper — Jan 23, 2024
The Energy Transition and Local Government Finance: New Data and Insights from 10 US States
This working paper analyzes how fossil fuels and renewable energy contribute to local governments revenue in 79 US counties across 10 states.
Resources Radio — Feb 13, 2024
Our Homes and Our Climate, with Carlos Martín
Carlos Martín discusses the importance of housing issues in environmental policy, climate resilience, and decarbonization in the United States. He describes the challenges of balancing climate adaptation in residential communities with necessary investmen