Coal Myths And Environmental Realities
Regular price
€192.20
A01=Alvin L. Alm
Air Quality Permitting
air quality regulation
Author_Alvin L. Alm
Base Case Assumptions
business investment decisions
Capital Budgeting Process
Category=JP
Clean Air Act
Coal Boilers
Coal Conversion
coal's use
Department Of Energy
economic choices
Economic Recovery Tax Act
Energy Committee
Energy Modeling Forum
Energy Policy
Energy Service Companies
eq_bestseller
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
eq_society-politics
fuel choice analysis
fuel-use choices
Industrial Coal
industrial energy policy
Industrial Fuel
industrial fuel market dynamics
institutional barriers energy
Kaiser Aluminum
Low Sulfur Coal
Natural Gas
natural gas alternatives
Natural Gas Prices
NGPA
Non-attainment Areas
Oil Import Fee
PSD Permit
Reduce Oil Imports
Residual Fuel Oil
Stack Gas Scrubbers
Product details
- ISBN 9780367015398
- Weight: 480g
- Dimensions: 152 x 229mm
- Publication Date: 07 Jun 2019
- Publisher: Taylor & Francis Ltd
- Publication City/Country: GB
- Product Form: Hardback
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This book deals with two inconsistent myths that persistently surround industrial use of coal. The first myth is that the Clean Air Act precluded the use of coal; the second, that industrial use of coal will expand rapidly as a result of purely economic choices. Through analyzing fuel-use decisions actually made by industry, Mr. Alm concludes that environmental quality standards have played a minor role in industrial choice of fuel. Historically, natural gas and oil have been both less costly and more convenient fuels for industry to use. Coal gained a substantial economic advantage over oil after the oil price increases of the last decade, yet it continues to maintain a lower market share than economics alone would suggest. Mr. Alm demonstrates that coal's share of the fuel market will continue to remain low because of the way U.S. businesses view fuel-use choices. For most U.S. firms, energy costs are a relatively small portion of total costs and a minor factor in a firm's ability to compete. Faced with alternative capital projects to expand production facilities or to make mandatory investments, companies do not generally give high priority to coal conversion projects. Moreover, most U.S. firms have little experience with burning coal, and that lack of expertise creates additional psychological and institutional barriers to coal's use. Finally, there is a tendency to prefer high-payoff, short-term investments over projects that promise cost savings many years in the future. These are all strong reasons for coal's lackluster performance in the industrial market—much more potent forces than environmental regulations.
Alvin L. Alm is now Deputy Administrator of the Environmental Protection Agency. This book was written when he was Director of Harvard University's Energy Security Program at the Energy and Environmental Policy Center and a lecturer. at the John F. Kennedy School of Government at Harvard. Mr. Alm is co-editor of Oil Shock: Policy Response and Implementation (forthcoming). Joan P. Curhan is Research Administrator at the Energy and Environmental Policy Center, Harvard University. Previously, she was Research Administrator of the Multinational Enterprise Project at the Harvard Business School. In connection with this project, she co-authored three books--Tracing the Multinationals (1977), The World's Multinational Enterprises (1973), and The Making of a Multinational Enterprise (1969).
