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.
Berlin : Deutsches Institut für Wirtschaftsforschung (DIW), 2011. (DIW Discussion Papers; No. 1146).Research output: Working paper › Working papers
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TY - UNPB
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 - 2011
Y1 - 2011
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 their 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 centers through market effects are investigated with a numerical model of the global steam coal market until 2030: the COALMOD-World model. The COALMOD-World model is an equilibrium model that 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 carbon capture and storage (CCS) fast-roll out policy 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 their 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 centers through market effects are investigated with a numerical model of the global steam coal market until 2030: the COALMOD-World model. The COALMOD-World model is an equilibrium model that 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 carbon capture and storage (CCS) fast-roll out policy 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 - climate policy
KW - future coal production
KW - energy
KW - numerical modeling
KW - international trade
KW - Klimaschutz
KW - Wirkungsanalyse
KW - Kohlenmarkt
KW - Kohle
KW - Außenhandel
KW - Wirtschaftsmodell
KW - Welt
KW - Economics
M3 - Working papers
T3 - DIW Discussion Papers
BT - What about coal? Interactions between climate policies and the global steam coal market until 2030
PB - Deutsches Institut für Wirtschaftsforschung (DIW)
CY - Berlin
ER -