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The Center on Global Energy Policy (CGEP) at Columbia University SIPA congratulates Paul Dabbar on his confirmation as Deputy Secretary of the United States Department of Commerce. During...
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China’s dependence on the energy supplies that move through the Strait of Hormuz makes it especially vulnerable to any possible closure of the waterway by Iran in retaliation for attacks by Israel and the United States.
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This year, the Third Annual Energy Opportunity Lab (EOL) Forum will take place July 7th and 8th in Washington, DC, offering a chance for the Washington policymaking community...
Reports by Noah Kaufman, Ariane Desrosiers & Sarah Doctor • December 05, 2024
This report represents the research and views of the authors. It does not necessarily represent the views of the Center on Global Energy Policy. The piece may be subject to further revision. This report was funded through a gift from the Bezos Earth Foundation. More information is available at Our Partners.
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Kimberly and Scott Sheffield
Rapidly reducing greenhouse gas emissions from fossil fuels to address the severe threats of climate change requires economic transformations that pose challenges for regions heavily dependent on coal, oil, natural gas, or other carbon-intensive industries. The United States is the world’s largest producer of oil and natural gas and the fourth-largest producer of coal, and communities across the country depend heavily on fossil fuel industries for jobs, investments, and public revenues that fund schools and other critical services. These communities will need considerable support to successfully navigate a global transition away from fossil fuels, and a better understanding of their local economies will help policymakers design and implement pragmatic support. However, scant evidence exists for such use today.
This report, part of the Resilient Energy Economies initiative co-led by the Center on Global Energy Policy at Columbia University SIPA, uses a novel dataset and case studies to establish a baseline of local economic performance in fossil fuel–dependent communities between 2004 and 2019. This period captures the peak and first decade of decline of the US coal industry as well as the shale revolution that boosted US oil and gas production.
The report finds:
While economic outcomes vary widely across regions, the analysis in this report indicates that, absent policy support, fossil fuel–dependent communities that fail to diversify their local economies face acute risks from the clean energy transition. The results of this report can contribute to forthcoming research assessing the effectiveness of government support for fossil fuel–dependent communities, which should enable improved policymaking going forward.
And coal communities and fracking villages and all the rest.
An asset-backed equipment finance programme would be just the boost US companies need
The Climate Finance (CliF) Vulnerability Index is designed to provide a comprehensive understanding of climate vulnerability for nation states in order to improve the targeting and provision of climate change adaptation financing.
Full report
Reports by Noah Kaufman, Ariane Desrosiers & Sarah Doctor • December 05, 2024