2.7.3 Eliminating Fossil Subsidies

LPDD Recommendation: “Congress should eliminate subsidies for coal producers as part of broader decarbonization policy.”

Report, Eliminating Fossil Fuel Subsidies

Identifies twelve provisions in the tax code that subsidize activities associated with the production of fossil fuels that impose an estimated $41.4 billion ten-year revenue loss on the federal treasury.

Report, Dirty Energy Dominance

Catalogs federal and state fossil fuel subsidies, and identifies opportunities to eliminate them. Appendix 1 provides a complete list of U.S. federal and state fossil fuel production subsidies, which it argues amount to approximately $20 billion.