What about coal? Interactions between climate policies and the global steam coal market until 2030

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What about coal? Interactions between climate policies and the global steam coal market until 2030. / Haftendorn, Clemens; Kemfert, Claudia; Holz, Franziska.
in: Energy Policy, Jahrgang 48, 01.09.2012, S. 274-283.

Publikation: Beiträge in ZeitschriftenZeitschriftenaufsätzeForschungbegutachtet

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@article{0a2f2f5778124fa8984e699849087da9,
title = "What about coal? Interactions between climate policies and the global steam coal market until 2030",
abstract = "Because of economic growth and a strong increase in global energy demand the demand for fossil fuels and therefore also greenhouse gas emissions are increasing, although climate policy should lead to the opposite effect. The coal market is of special relevance as coal is available in many countries and often the first choice to meet energy demand. In this paper we assess possible interactions between climate policies and the global steam coal market. Possible market adjustments between demand regions through market effects are investigated with a numerical model of the global steam coal market: the {"}COALMOD-World{"} model. This equilibrium model computes future trade flows, infrastructure investments and prices until 2030. We investigate three specific designs of climate policy: a unilateral European climate policy, an Indonesian export-limiting policy and a fast-roll out of carbon capture and storage (CCS) in the broader context of climate policy and market constraints. We find that market adjustment effects in the coal market can have significant positive and negative impacts on the effectiveness of climate policies.",
keywords = "Economics, Climate policy, Future coal production, Numerical modeling",
author = "Clemens Haftendorn and Claudia Kemfert and Franziska Holz",
year = "2012",
month = sep,
day = "1",
doi = "10.1016/j.enpol.2012.05.032",
language = "English",
volume = "48",
pages = "274--283",
journal = "Energy Policy",
issn = "0301-4215",
publisher = "Elsevier B.V.",

}

RIS

TY - JOUR

T1 - What about coal? Interactions between climate policies and the global steam coal market until 2030

AU - Haftendorn, Clemens

AU - Kemfert, Claudia

AU - Holz, Franziska

PY - 2012/9/1

Y1 - 2012/9/1

N2 - Because of economic growth and a strong increase in global energy demand the demand for fossil fuels and therefore also greenhouse gas emissions are increasing, although climate policy should lead to the opposite effect. The coal market is of special relevance as coal is available in many countries and often the first choice to meet energy demand. In this paper we assess possible interactions between climate policies and the global steam coal market. Possible market adjustments between demand regions through market effects are investigated with a numerical model of the global steam coal market: the "COALMOD-World" model. This equilibrium model computes future trade flows, infrastructure investments and prices until 2030. We investigate three specific designs of climate policy: a unilateral European climate policy, an Indonesian export-limiting policy and a fast-roll out of carbon capture and storage (CCS) in the broader context of climate policy and market constraints. We find that market adjustment effects in the coal market can have significant positive and negative impacts on the effectiveness of climate policies.

AB - Because of economic growth and a strong increase in global energy demand the demand for fossil fuels and therefore also greenhouse gas emissions are increasing, although climate policy should lead to the opposite effect. The coal market is of special relevance as coal is available in many countries and often the first choice to meet energy demand. In this paper we assess possible interactions between climate policies and the global steam coal market. Possible market adjustments between demand regions through market effects are investigated with a numerical model of the global steam coal market: the "COALMOD-World" model. This equilibrium model computes future trade flows, infrastructure investments and prices until 2030. We investigate three specific designs of climate policy: a unilateral European climate policy, an Indonesian export-limiting policy and a fast-roll out of carbon capture and storage (CCS) in the broader context of climate policy and market constraints. We find that market adjustment effects in the coal market can have significant positive and negative impacts on the effectiveness of climate policies.

KW - Economics

KW - Climate policy

KW - Future coal production

KW - Numerical modeling

UR - http://www.scopus.com/inward/record.url?scp=84865018563&partnerID=8YFLogxK

U2 - 10.1016/j.enpol.2012.05.032

DO - 10.1016/j.enpol.2012.05.032

M3 - Journal articles

AN - SCOPUS:84865018563

VL - 48

SP - 274

EP - 283

JO - Energy Policy

JF - Energy Policy

SN - 0301-4215

ER -

DOI