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The Global Coal Market
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Book description

Coal has been the world's fastest-growing energy source in absolute terms for over a decade. Coal also emits more CO2 than any other fossil fuel and contributes to serious air pollution problems in many regions of the world. If we hope to satisfy the demand for affordable energy in emerging economies while protecting the environment we need to develop a keen understanding of the market that supplies coal. This book offers an in-depth analysis of the key producers and consumers that will most influence coal production, transport, and use in the future. By exploring how countries such as China, India, Indonesia, Australia, and South Africa have developed their respective coal industries - and how these industries link together through the international coal trade - experts shed light on how the global coal market may evolve, and the economic and environmental implications. This book is the most comprehensive treatment of these topics to date and will appeal to a wide readership, including scholars and practitioners working on energy economics and policy.


'In this book, Mark C. Thurber and Richard K. Morse bring us an excellent contribution to knowledge about the prospects and challenges for the global coal market, which is no doubt a key determinant of our energy and environmental future.'

Ken Koyama - Chief Economist and Managing Director, Institute of Energy Economics, Japan

'This book provides an in-depth look at how countries with significant coal resources strive - and sometimes struggle - to extract and use these resources in an efficient and environmentally sound manner. For a country like India where coal is the major energy resource, coal sector development has to be considered in the context of the global coal market. This book is an invaluable guide to how country-level coal sector development connects to global outcomes.'

Kirit Parikh - Chairman of Integrated Research and Action for Development, India

'Oil gets the headlines, but coal is really the pivotal fuel for much of the world economy and the health of the planet’s environment. This book offers a fresh look at what’s happening in the global coal market - focused on its epicenter, Asia. Steeped with insights about how these markets actually function, the book shows us how a global market has made this energy source more competitive. It is a sober reminder that cutting coal consumption - and encouraging firms to install technologies that can use coal in ways less harmful to the climate - remains a daunting task.'

David G. Victor - University of California, San Diego

'The Global Coal Market offers a comprehensive, balanced and accessible treatment of these important developments, of use to anyone interested in the economic and environmental issues around coal.'

Ian Cronshaw Source: Pacific Affairs

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