CIAB Market & Policy developments 2005/06 - IEA

Contents
FORWARD FROM CIAB CHAIRMAN 0
1 HIGH LEVEL MESSAGES 1
1.1 CIAB Policy Advice 1
1.2 The Role of Coal in World Energy Markets 2
1.3 Synopsis of Coal Market Developments 6
2 CIAB WORK PROGRAMME 7
3 OVERVIEW OF WORLD COAL MARKET DEVELOPMENTS 11
3.1 Company Developments 11
3.2 Coal Consumption 14
3.2.1 Total Hard Coal Consumption 14
3.2.2 Steam Coal Consumption 16
3.2.3 Coking Coal Consumption 18
3.2.4 Total Brown Coal Consumption 19
3.3 Coal Supply 20
3.3.1 Hard Coal 20
3.3.2 Brown Coal 23
3.4 Trade and Prices 24
3.4.1 Freight Market 24
3.4.2 Trade Volume 26
3.4.3 Market Prices 28
4 ISSUES RELATED TO COAL 31
4.1 Sustaining the Role of Coal 31
4.1.1 Policy and the Role of Coal 31
4.1.2 Industry Actions to Sustain the Role of Coal 41
4.1.3 Emissions Trading 43
4.1.4 Power Station Emissions Control/Mining Regulations 46
4.2 Investment in Coal Supply, Transportation and Use 48
4.3 Developments in Clean Coal/Near Zero Emissions Technology 53
5 CONCLUDING REMARKS 58