Full Title: The Risk of Fiscal Collapse in Coal-Reliant Communities
Author(s): DR. ADELE MORRIS, DR. NOAH KAUFMAN, AND SIDDHI DOSHI
Publisher(s): Columbia University Center on Global Energy Policy
Publication Date: July 15, 2019
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Description (excerpt):
This paper examines 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 the risk this will pose for county finances. The paper also considers the responsibilities of jurisdictions to disclose these risks, particularly when they issue bonds, and the actions leaders can take to mitigate the risks.