Giving Compass’ Take:
• Columbia Energy Exchange interviews Adele Morris, policy director for climate and energy economics at Brookings Institution, on how coal communities are facing the risk of fiscal collapse.
• How can funders help training programs for people whose jobs are in jeopardy? Can we drive the coal industry workers to a cleaner and greener power industry?
The coal industry continues to tumble in the U.S. as electric power plants turn increasingly to natural gas and renewable energy as their fuels of choice. And that decline might only worsen for coal mining and the communities that rely on it if Washington someday adopts strong policies to reduce carbon emissions associated with climate change.
In this edition of Columbia Energy Exchange, host Bill Loveless pays a visit to Adele Morris, a senior fellow and policy director for climate and energy economics at Brookings Institution. Adele and Noah Kaufman, a research scholar at the Center on Global Energy Policy, and Siddhi Doshi, a senior research assistant at Brookings, have written a new paper from the center that looks at the danger of fiscal collapse in coal-reliant communities.
What they tell us is that while climate risks to corporations have received scrutiny in recent years, local governments, including coal-reliant counties, have yet to grapple with the implications of climate policies for their financial health.
Bill and Adele talk about some of the communities hard hit by shutdowns of coal-mining operations, the implications for tax revenues and bonds that support schools, roads, hospitals and other critical programs, and the difficulty of tracking that information for research like this report.
They also examine the implications for policymakers as they search for options to address climate change while also focusing on the needs of communities impacted by those policies.
Read the full article about coal communities by Adele Morris at Columbia.
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