Nolan and Thurber identify risk as a major driver of whether countries use private or state-owned oil companies
In a new working paper, PESD affiliate Peter A. Nolan and associate director Mark Thurber find that considerations of risk help explain why oil-rich states may choose international oil companies rather than state-controlled enterprises to find and extract oil in "frontier" territories.
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PESD's new research analyzes China's coal-power base reforms and how they will impact Chinese and global coal markets. Read more »
Programs to enlist developing countries in climate change mitigation by granting credits for carbon emissions reductions across entire sectors like transportation are quite appealing in principle. However, as researcher Adam Millard-Ball shows in PESD Working Paper #97, "Adverse Selection in an Opt-In Emissions Trading Program: The Case of Sectoral Crediting for Transportation," any practical implementation of such schemes would entail thorny trade offs between economic efficiency, environmental effectiveness, and political acceptability. Read more »
Nigeria's national oil company NNPC is at the center of a profoundly dysfunctional oil sector in a country that some argue embodies the "resource curse." In a new study, PESD Associate Director Mark Thurber and PESD affiliated researchers Ify Emelife and Patrick Heller find that NNPC's persistent underperformance stems from its role as the linchpin of a sophisticated and durable system of patronage. Read more »
New PESD Working Paper explains China's dramatic surge in coal imports and its major impact on global coal marketsAnnouncement
PESD researchers Morse and He devise a model that explains Chinese coal import patterns and that can allow the coal market to understand, and to some degree predict, China's coal import behavior in PESD Working Paper #94 - "The World's Greatest Coal Arbitrage: China's Coal Import Behavior and Implications for the Global Coal Market."
- » The World's Greatest Coal Arbitrage: China's Coal Import Behavior and Implications for the Global Coal Market
in the news: ClimateWire, The New York Times on July 21, 2010
PESD researcher Richard Morse was interviewed and quoted on his views about China's deployment of carbon capture and storage (CCS) technologies as China increase their CCS efforts with U.S.
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PESD releases Dr. Bart Lucarelli's cutting edge analysis of one of the world's fastest growing and most important coal marketsAnnouncement
In PESD's Working Paper #93 - The History and Future of Indonesia's Coal Industry: Impact of Politics and Regulatory Framework on Industry Structure and Performance, Dr. Lucarelli tells the story of how Indonesia created this world-scale industry over two decades despite challenges created by widespread government corruption, a weak legal system, the Asian Financial Crisis of 1997, and the fall of the Soeharto government in 1998. Read more »