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Twenty-first century, the century of coal? CO2 prices to curb coal demand

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  • Harald Hecking

Abstract

The paper investigates how a carbon price could halt the comeback of coal, which started in the early 2000s. Since the year 2000, coal has provided roughly 40 per cent of global primary energy growth. The success of coal in the primary energy mix is due to the fact that it is abundant, cheap, and most often a domestic resource. However, global coal reserves, if burnt, would surpass the remaining carbon budget for a 2°C target by a factor of two. The paper shows that a carbon price of 25–100 USD per tonne of CO2 would be needed to phase out coal in the power sector, depending on the technology and the world region, even when assuming significant technological progress.

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  • Harald Hecking, 2016. "Twenty-first century, the century of coal? CO2 prices to curb coal demand," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 32(2), pages 260-281.
    • Handle: RePEc:oup:oxford:v:32:y:2016:i:2:p:260-281.
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    File URL: http://hdl.handle.net/10.1093/oxrep/grw011
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    Cited by:

    1. Weidong Chen & Yujie Bi, 2018. "Electricity price subsidy or carbon-trading subsidy: which is more efficient to develop photovoltaic power generation from a government perspective?," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 23(5), pages 667-683, June.

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