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2018-03-13Zeitschriftenartikel DOI: 10.18452/18981
Prospects for steam coal exporters in the era of climate policies: a case study of Colombia
dc.contributor.authorOei, Pao-Yu
dc.contributor.authorMendelevitch, Roman
dc.date.accessioned2018-03-29T10:17:09Z
dc.date.available2018-03-29T10:17:09Z
dc.date.issued2018-03-13
dc.identifier.issn1752-7457
dc.identifier.issn1469-3062
dc.identifier.other10.1080/14693062.2018.1449094
dc.identifier.urihttp://edoc.hu-berlin.de/18452/19717
dc.description.abstractContinued global action on climate change has major consequences for fossil fuel markets, especially for coal as the most carbon-intensive fuel. This article summarizes current market developments in the most important coal-producing and coal-consuming countries, resulting in a critical qualitative assessment of prospects for future coal exports. Colombia, as the world’s fourth largest exporter, is strongly affected by these global trends, with more than 90% of its production being exported. Market analysis finds Colombia in a strong competitive position, owing to its low production costs and high coal quality. Nevertheless, market trends and enhanced climate policies suggest a gloomy outlook for future exports. Increasing competition on the Atlantic as well as Pacific market will keep coal prices low and continue pressure on mining companies. Increasing numbers of filed bankruptcies and lay-offs might be just the beginning of a carbon bubble devaluing fossil fuel investments and leaving them stranded. Colombia largely supplies European and Mediterranean consumers but also delivers some quantities to the US Gulf Coast, and to Central and South America. Future coal demand in most of these countries will continue to decline in the next decades. Newly constructed power plants in emerging economies (India, China) are unlikely to compensate for this downturn owing to increasing domestic supply and decreasing demand. Therefore, maintaining or even increasing mining volumes in Colombia should be re-evaluated, taking into account new economic realities as well as local externalities. Ignoring these risks could lead to additional stranded investments, aggravating the local resource curse and hampering sustainable economic development.eng
dc.language.isoeng
dc.publisherHumboldt-Universität zu Berlin
dc.rights(CC BY-NC-ND 4.0) Attribution-NonCommercial-NoDerivatives 4.0 Internationalger
dc.rights.urihttps://creativecommons.org/licenses/by-nc-nd/4.0/
dc.subjectCase studyeng
dc.subjectclimate policyeng
dc.subjectColombiaeng
dc.subjectdecarbonizationeng
dc.subjectenergy policyeng
dc.subjectSteam coal marketeng
dc.subject.ddc333.7 Natürliche Resourcen, Energie und Umwelt
dc.titleProspects for steam coal exporters in the era of climate policies: a case study of Colombia
dc.typearticle
dc.identifier.urnurn:nbn:de:kobv:11-110-18452/19717-6
dc.identifier.doihttp://dx.doi.org/10.18452/18981
dc.type.versionpublishedVersion
local.edoc.container-titleClimate Policy
local.edoc.pages20
local.edoc.anmerkungNachgenutzt gemäß den CC-Bestimmungen des Lizenzgebers bzw. einer im Dokument selbst enthaltenen CC-Lizenz.
local.edoc.type-nameZeitschriftenartikel
local.edoc.institutionLebenswissenschaftliche Fakultät
local.edoc.container-typeperiodical
local.edoc.container-type-nameZeitschrift
local.edoc.container-publisher-nameTaylor & Francis
local.edoc.container-publisher-placeLondon
local.edoc.container-volume19
local.edoc.container-issue1
local.edoc.container-firstpage73
local.edoc.container-lastpage91

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