Economics of the International Coal Trade: The Renaissance of Steam Coal - Couverture rigide

Schernikau, Lars

Couverture rigide

ISBN 10 : 9048192390 ISBN 13 : 9789048192397

Editeur : Springer, 2010

Synopsis

Coal, the catalyst of the industrial age, is now poised to shape how the world consumes energy in the twenty-?rst century. The ascendance of oil in the global economy to a looming peak is forcing countries, companies, and consumers to reconsider their relationship to something they cannot live without: energy. And whileothersourcesofenergy,suchasnuclear,naturalgas,andrenewables,willall play an ever greater role in serving demand, intelligent observers would be wise not to miss what is perhaps the clearest trend of all: the second coal era is now uponus. Thedevelopingworldisrapidlyelectrifyinginordertodriveeconomicgrowth. Andelectri?cationmeanscoal.ThisisparticularlytrueinIndiaandChina,where coaloffersthecheapestandmostreliableroutetoelectricpower.Thesetwoco- triesalonewilldrive80%ofcoalconsumptiongrowthto2030.TheInternational EnergyAgencyexpectsthatglobalcoalconsumptionwillincreaseby60%inthe nexttwodecades.LarsSchernikau'sTheRenaissanceofSteamCoalcouldnotcome atabettertime.Lars'skillintracingthelongarcofindustrialevolutionpairedwith his acute knowledge of the coal market make his arguments both insightful and highlycredible.Hebeginsbysuccinctlyframingtheproblemanddistillingourc- rentpredicament:wearecaughtbetween'theOilAge'andthe'theSolarAge'(by thishemeanstheageofrenewables). Wearealloptimiststosomedegree,butthe realistsamongusknowthatrenewableenergyisnotgoingtocompletely?llthis gapfordecades.Where,then,doesthisleaveus?ItleavesuswithTheRenaissance ofSteamCoal. Coal is now the world's fastest growing source of fossil fuel, a position it is expected to hold for the foreseeable future. Yet the coal market is far less well understoodthantheoilorgasmarkets.Academics,policymakers,andmarketp- ticipantsarefacedwiththeprospectofourcollectiveknowledgeaboutthismarket notkeepingpacewithitsincreasingrelevance.Coal,only30yearsagoalocalized fuelsource,isnowavolatileglobalcommoditywithbanksandhedgefundspiling intotheoncetraditionalbusiness.Notonlyisthecoalmarketnowmorerelevant thanever,it'salsomuchmorecomplex.

Détails de l'édition

• Éditeur: Springer
• Date d'édition: 2010
• Langue: anglais
• ISBN 10: 9048192390
• ISBN 13: 9789048192397
• Reliure: Relié
• Nombre de pages: 250
• Coordonnées du fabricant: non disponible
• Personne responsable: CMN Printpool Inh. Mathis Neumann; https://www.also.com/ec/cms5/en_6000/6000/index.jsp; ; Friedrich-Karl-Str. 9; Hamburg; Allemagne