Coal in a Climate Constrained World

Coal is the big reality in a climate-constrained world. As the developing world industrializes and struggles to meet the seemingly insatiable demand for power, coal has become the unavoidable fuel of choice. My research with PESD colleagues and collaborators reveals the central role of the coal-to-electricity value chain in shaping coal market dynamics and policy implications in China as well as in other countries. Our focus on Chinese coal has given us a unique perspective on the prospects for carbon capture, utilization and storage (CCUS) to dramatically reduce the carbon intensity of coal use in China, China’s coal import behavior as a cost minimizer, and the integration of the value chain and the dynamics of reforms in the coal and power sector.