A major study of the modern global coal market and its impacts both on energy markets and on climate policy.

This book is the 2nd edition of the Economics of the International Coal Trade. Coal is the single most important source of power on our planet and today accounts for 40% of electricity generation and 30% of primary energy. The world’s appetite for energy is still far from being met. Until 2050, an additional 6+ billion people will require accessto proper power. “Why Coal Continues to Power the World” introduces the reader to the global coal business; its importance; its source; its global demand, supply and trade; its use; its environmental impact; and its future. Despite recent price hikes, coal does not appear to be a popular subject today, which may explain the little attention it receives in the scientific community. Since writing the first edition during the commodity super cycle in 2006–2008, the world has changed. How has this impacted the global world of coal? This book is useful to energy economists, businessmen, politicians, university professors, high school teachers, students and anyone with an interest in how the world is powered. It is also helpful to anyone studying climate change and global warming. This new edition of the book includes previously not covered special sections on:* Coal analysis and sampling with a special section on moisture * A technical summary of all key coking coal characteristics in Appendix 2 * Coking coal, iron ore and the steel industry * Cement and petcoke markets * Global gas markets and the shale gas revolution in the US * Nuclear energy and the history of the oil market * Renewable energy and the German „Energiewende“ * Power plant technology and CO2 sequestration and processing * The role of CO2 and why man-made CO2 does not cause global warming Apart from giving an in-depth overview of the global coal business, in this book the author argues that coal is far from “dead”. Some of my key messages are contrary to popular beliefs: The importance of coal will further increase in absolute and likely even in relative terms for decades to come. Man-made CO2 has no effect on global temperatures and combustion of fossil fuels does not influence the weather. We cannot stop the advance of coal, we can only make this process as environmentally sustainable as humanly possible. Therefore, mankind needs to embrace coal as the “bridge” from the Oil Age to the Solar Age (through the “New Energy Revolution”). (4) Industrialized nations have to invest in coal and in all means to more efficiently burn coal in order to truly help the global environment and reduce global dust, SOX, and NOX emissions.

Mark Twain observed, “I'm in favour of progress; it's change I don't like.” Coal dominates Indian energy because it’s available domestically and cheap (especially without a carbon tax). If the global focus is on the energy transition, how does India ensure a just transition? Managing winners and losers will be the single largest challenge for India’s energy policy. Coal is entrenched in a complex ecosystem. In some states, it’s amongst the largest contributors to state budgets. The Indian Railways, India’s largest civilian employer, is afloat because it overcharges coal to offset under-recovery from passengers. Coal India Limited, the public sector miner that produces 85% of domestic coal, is the world’s largest coal miner. But despite enormous reserves, India imports about a quarter of consumption. On the flip side, coal faces inevitable pressure from renewable energy, which is the cheapest option for new builds. However, there is significant coal-based power capacity already in place, some of which is underutilized, or even stranded. Low per-capita energy consumption means India must still grow its energy supply. Before India can phase out coal, it must first achieve a plateau of coal. How this happens cost-effectively and with least resistance isn’t just a technical or economic question, it depends on the political economy of coal and its alternatives. Some stakeholders want to kill coal. A wiser option may be to first clean it up, instead of wishing it away. Across 18 chapters, drawing from leading experts in the field, we examine all aspects of coal’s future in India. We find no easy answers, but attempt to combine the big picture with details, bringing them together to offer a range of policy options.

Coal will continue to provide a major portion of energy requirements in the United States for at least the next several decades. It is imperative that accurate information describing the amount, location, and quality of the coal resources and reserves be available to fulfill energy needs. It is also important that the United States extract its coal resources efficiently, safely, and in an environmentally responsible manner. A renewed focus on federal support for coal-related research, coordinated across agencies and with the active participation of the states and industrial sector, is a critical element for each of these requirements. Coal focuses on the research and development needs and priorities in the areas of coal resource and reserve assessments, coal mining and processing, transportation of coal and coal products, and coal utilization.

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 today’s developing world, international trade is a field that is rapidly growing. Within this economic market, traders need to implement new approaches in order to satisfy consumers’ rising demands. Due to the high level of competition, merchants have focused on developing new transportation and logistics strategies. In order to execute effective transportation tactics, decision makers need to know the fundamentals, current developments, and future trends of intercontinental transportation. The Handbook of Research on the Applications of International Transportation and Logistics for World Trade provides emerging research exploring the effective and productive solutions to global transportation and logistics by applying fundamental and in-depth knowledge together with current applications and future aspects. Featuring coverage on a broad range of topics such as international regulations, inventory management, and distribution networks, this book is ideally designed for logistics authorities, trading companies, logistics operators, transportation specialists, government officials, managers, policymakers, researchers, academicians, and students.