The World's Greatest Coal Arbitrage: China's Coal Import Behavior and Implications for the Global Coal Market

Richard K. Morse, Gang He
2010 Social Science Research Network  
The Program on Energy and Sustainable Development (PESD) is an international, interdisciplinary program that studies how institutions shape patterns of energy production and use, in turn affecting human welfare and environmental quality. Economic and political incentives and pre-existing legal frameworks and regulatory processes all play crucial roles in determining what technologies and policies are chosen to address current and future energy and environmental challenges. PESD research
more » ... SD research examines issues including: 1) effective policies for addressing climate change, 2) the role of national oil companies in the world oil market, 3) the emerging global coal market, 4) the world natural gas market with a focus on the impact of unconventional sources, 5) business models for carbon capture and storage, 6) adaptation of wholesale electricity markets to support a low-carbon future, 7) global power sector reform, and 8) how modern energy services can be supplied sustainably to the world's poorest regions. leads global coal market research at the Stanford Program on Energy and Sustainable Development (PESD). PESD's coal research examines the political economy of coal, the international trade and pricing of coal, and coal's long term role in the world's energy mix. Other research interests include carbon policy and carbon markets, carbon capture and storage, renewable energy markets, and financial markets for energy commodities. Richard received a B.A. in philosophy from Rice University, where he was awarded the James Street Fulton Prize for the top graduate in the field. He has worked in commodities markets for oil, natural gas, renewable energy, and emissions as an energy analyst and trader. Gang He is a research associate at the Program on Energy and Sustainable Development (PESD). Gang leads PESD's research on China, focusing on China's energy and climate change policies, carbon capture and storage, the domestic coal sector, and its key role in both the global coal market and in international climate policy frameworks. He also studies other issues related to global climate change and the development of lower-carbon energy sources. Gang received a B.S. in Geography from Peking University and a M.A. in Climate and Society from Columbia University.
doi:10.2139/ssrn.1654676 fatcat:weba32vpejc23ca7clfsrwlw3m