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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.
Adele joined Brookings in 2008 from the Joint Economic Committee of the U.S. Congress, where she advised lawmakers and staff on economic, energy and environmental policy. Before that, she was the lead natural resource economist for the U.S. Treasury Department for nine years and also did stints earlier at the President’s Council on Economic Advisers and the U.S. Office of Management and Budget.
This week host Jason Bordoff talks with Cheryl LaFleur and David Hill about the incoming Trump administration, its impact on FERC, and the status of permitting reform measures.
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The clean energy transition has a dirty underside. To move away from fossil fuels and toward solar, wind, batteries, and other alternative sources of energy, we have to intensify mining operations for critical minerals like lithium, copper, and cobalt.
America should give diplomacy a final shot—while preparing to use military force.
The incoming Trump administration should embrace a diverse energy mix, including renewables, for the sake of economic and national security.
A bipartisan permitting-reform proposal in the US Senate includes provisions that reduce barriers to an improved electricity transmission system, which would help fortify the country’s energy system and accelerate the transition away from fossil fuels.