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, Vol. 48, 01.09.2012, p. 274-283.Research output: Journal contributions › Journal articles › Research › peer-review
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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 -