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China’s annual coal production, at 3.24 billion tonnes (Gt) in 2010, accounted for nearly half of the global total.  In this comprehensive analysis of China’s coal value chain, Jianjun Tu examines the industrial organization and structure of China’s coal production, transport, and consumption.  Tu’s study shines a light on one of the world’s largest and most complex energy markets and should be read by anyone with an interest in the future of coal, climate change, or global energy markets.

Key topics covered include:

  • Review of China’s Coal Industry Policy
  • Coal Supply: Resources, Reserves, and Production
    • Industry Structure and Organization
    • Production Costs
    • The Role of Government
  • Coal Demand: Overview of Coal Consumption in China
    • Power Generation
    • Iron and Steel Industries
    • Chemicals
    • The Role of Government
  • Coal Transport: Rail, Sea, River and Road Transport Networks
  • Coal Grey Markets: the Untold Story of China’s “Unofficial” Coal Market
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Program on Energy and Sustainable Development
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Richard Morse was the featured speaker at the UT Energy Symposium on November 3rd.  His talk, entitled, “Beyond Climate Policy: Reconciling Climate Change and the ‘Coal Renaissance’”, analyzed global coal markets and their relationship to climate change.

Because coal is the single largest source of global CO2 emissions, Morse argued that any attempt to combat climate change requires a strategy to address coal.  Morse argued that existing climate policy frameworks are not accomplishing this at the scale required, and suggested new frameworks to address the coal and climate challenge that can be deployed in existing energy markets with limited government intervention and support.

University of Texas
Welch Hall 2.308

Richard K. Morse Speaker
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The International Energy Agency has released its flagship publication on global energy markets. PESD research directly contributed to a special section in this year’s outlook focusing on coal.

PESD Working Papers that helped inform the analysis include:

  1. Industrial Organization of the Chinese Coal Industry by Kevin Tu
  2. The Future of South African Coal: Market, Investment, and Policy Challenges by Anton Eberhard
  3. Remaking the World’s Largest Coal Market: The Quest to Develop Large Coal Power Bases in China by Dr. Huaichuan Rui, Richard K. Morse, and Gang He
  4. The World’s Greatest Coal Arbitrage: China’s Coal Import Behavior and Implications for the Global Coal Market by Richard K. Morse and Gang He

 

For more information: http://www.iea.org/weo/

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Assistant Professor at Carnegie Mellon University

Hamburg Hall Office 3016
H. John Heinz III College
Carnegie Mellon University
5000 Forbes Ave.
Pittsburgh, PA 15213

412-268-4693
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ajha_photo.jpg PhD

Akshaya Jha joined PESD in the summer of 2010 and left PESD in the summer of 2015. He is currently an assistant professor of economics and public policy at Carnegie Mellon University. His current fields of interest include Energy/Environmental Economics and Industrial Organization, with Econometric theory as a secondary field.


At PESD, Akshaya performed economic analysis regarding the determinants of market interaction in bid-based electricity markets using data from a variety of settings. He is currently examining the effects of output price regulation on input fuel procurement for U.S. electricity generation. In other work with Frank Wolak, he is also quantifying the impacts of financial traders on California's wholesale electricity markets.

He received his Bachelors of Science from Carnegie Mellon University in Economics and Statistics in 2009.

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On Monday, June 13, 2011 at 4:15 p.m. in Panofsky Auditorium, Richard Morse of Stanford University will present a colloquium, "Addressing the 'Coal Renaissance' in a Post-Kyoto World."

Coal has been the world's fastest growing source of fossil fuel since 2000, contributing more to global primary energy supplies than any other source of energy.  Yet it is also the world's leading source of CO2 emissions.  As the Kyoto Protocol approaches its end in 2012 and global carbon policy is fragmented into regional efforts, efforts to mitigate global emissions will require taking a hard look at the realities of coal markets and developing pragmatic strategies that don't rely on carbon policy.

Richard Morse of Stanford's Program on Energy and Sustainable Development will discuss the outlook for global carbon policy, how international coal markets are evolving, and what strategies and technologies might realistically be used to reduce emissions from coal.   Discussion of carbon policy will include the latest developments in Europe, China, and the US, and analysis of international coal markets will highlight key issues for the future of Chinese energy consumption.  Arguing that renewable energy in its current state can only address the coal emissions problem at the margin, Morse will consider the portfolio of carbon mitigation options that can operate at scale, including carbon capture and storage (CCS).  Finally, in light of the recent nuclear tragedy in Japan, Morse will discuss with the SLAC community how to evaluate the relative risks of coal and climate change against the risk of nuclear catastrophe.

The talk is free and open to all.

Panofsky Auditorium
Stanford University

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On Monday, June 13, 2011, as part of SLAC National Accelerator Laboratory's colloquium series, Richard Morse from the Program on Energy on Sustainable Development led the talk on “Addressing the ‘Coal Renaissance’ in a Post-Kyoto World.” Morse discussed the outlook for global carbon policy, how international coal markets are evolving, and what strategies and technologies might realistically be used to reduce emissions from coal. This Included discussions on the latest developments in Europe, China, and the US in carbon policy, and an analysis of international coal markets highlighting key issues for the future of Chinese energy consumption.
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