International coal trade and restrictions on coal consumption
AbstractCoal consumption is a major source of CO2 emissions and other air pollutants and is therefore a focus of environmental policy. However, countries that restrict their coal consumption will likely expand their coal exports to foreign markets with fewer restrictions on consumption. The adjustment in international trade will mitigate the impact on coal industry employment but will also reverse some of the reduction in global emissions. This paper quantifies the impact of restrictions on coal consumption in the United States and several other large countries on global coal consumption, trade, and industry employment. The impact calculations are based on an econometric model of the international coal market. The parameters of the model are fitted to panel data on coal consumption and production in 53 countries.
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Bibliographic InfoArticle provided by Elsevier in its journal Energy Economics.
Volume (Year): 34 (2012)
Issue (Month): 4 ()
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Web page: http://www.elsevier.com/locate/eneco
International trade; Coal; Econometric analysis; Environmental policy;
Find related papers by JEL classification:
- F14 - International Economics - - Trade - - - Empirical Studies of Trade
- F18 - International Economics - - Trade - - - Trade and Environment
- Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply
- Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy
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