Ohio Road Budget Could Run Out of Fuel as Drivers Switch to Electric Vehicles
The Energy News Network published a story detailing an RFF report about the fiscal implications of the US energy transition.
Ohio is relatively fortunate compared to other states featured in a recent working paper from Resources for the Future, a nonprofit environmental and economics research group based in Washington, D.C. Wyoming, for example, depends on fossil fuels for 59% of its state and local tax revenue.
Still, most state road budgets will feel the impact as more drivers choose electric or more fuel-efficient vehicles. In Ohio, work is already underway within the state government to develop alternative funding approaches.
“Regardless of what happens with policy, the energy system is changing,” said Daniel Raimi, who heads up the Equity in the Energy Transition Initiative at Resources for the Future. “I think the need to address climate change means that the energy system will change more rapidly than it otherwise would.”
Daniel Raimi is a fellow and director of the Equity in the Energy Transition Initiative at RFF. He works on a range of energy policy issues with a focus on tools to enable an equitable energy transition.
Working Paper — Jan 13, 2022
The Fiscal Implications of the US Transition Away from Fossil Fuels
This working paper estimates the fiscal risk posed by the energy transition for governments dependent on fossil fuels, while examining policies to address this risk to revenues.
Resources Radio — Feb 13, 2024
Our Homes and Our Climate, with Carlos Martín
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On the Issues — Feb 9, 2024
On the Issues: Natural Gas Pause, Clean Energy Equity, and More
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Common Resources — Feb 8, 2024
How a Tax Incentive for Clean Energy in the Inflation Reduction Act Could Affect Low-Income Communities
A tax provision in the Inflation Reduction Act incentivizes clean energy projects in low-income communities. A similar, existing provision for affordable housing infrastructure may offer lessons for effective implementation of the new program.