@article{Book,
      recid = {48711},
      author = {Cohen, François, and Valacchi, Giulia,},
      title = {The heterogeneous impact of coal prices on the location of  cleaner and dirtier steel plants /},
      number = {Book},
      pages = {16 pages :},
      note = {"Published in Volume 43, Number 2 of the bi-monthly  journal of the IAEE's Energy Economics Education  Foundation."},
      abstract = {"Climate policy will predominantly affect industries that  primarily rely on fossil fuels, such as steelmaking. Within  these industries, exposure may be different by country  according to the energy-intensity of national plants. We  estimate the effect of coal prices on steel plant location  worldwide and production preferences for BOF, a polluting  technology, and EAF, a greener one. A 1% increase in  national coal prices reduces BOF installed capacity by  around 0.37%, while it has no statistically significant  impact on EAF capacity. We simulate the implementation of a  stringent European carbon market with no border adjustment  and find a non-negligible shift in steel production outside  Europe, with a concomitant impact on the technologies  employed to produce steel. If applied worldwide, the same  policy would primarily affect production in Asia, which  relies on BOF and currently benefits from lower coal prices  than those expected to emerge in the future."--},
      url = {http://tind.wipo.int/record/48711},
}