Resources for the Future: U.S. Revenues From Fossil Fuels, Responsible for $138B Annually, Expected to Fall Regardless of Climate Action
January 14, 2022
January 14, 2022
WASHINGTON, Jan. 14 (TNSRep) -- Resources for the Future issued the following news release:
Fossil fuels provide substantial revenue to the US federal government and many states, tribes, and localities--but changes to government tax policies can help replace declining revenue and help communities adapt.
A new RFF working paper, currently under review at a peer-reviewed economics journal, finds that between 2015 and 2020, fossil fuels generated roughly $138 billion each . . .
Fossil fuels provide substantial revenue to the US federal government and many states, tribes, and localities--but changes to government tax policies can help replace declining revenue and help communities adapt.
A new RFF working paper, currently under review at a peer-reviewed economics journal, finds that between 2015 and 2020, fossil fuels generated roughly $138 billion each . . .