Why Local Governments Should Prepare for the Fiscal Effects of a Dwindling Coal Industry

Brief

Why Local Governments Should Prepare for the Fiscal Effects of a Dwindling Coal Industry

Abstract

This policy brief summarizes the implications of a carbon-constrained future on coal-dependent local governments in the United States. It considers the outlook for US coal production over the next decade under such conditions and explores how county finances could be affected. It also considers the responsibilities of jurisdictions to disclose these risks, particularly when they issue bonds, and the actions leaders can take to mitigate them.
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