Coal communities face fiscal ruin
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, I pay 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…
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