Science and Technology
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This EWG talk will highlight PESD's first analysis using our new coal model by demonstrating how it can be used to analyze the effects of China's import behavior on world thermal coal consumption. We will explore China's capability as a consumer to exercise market power in the domestic Chinese markets, and to what extent this behavior affects the price, consumption, and production of steam coal globally. Two scenarios will be presented: 1) we assume Chinese consumers with import capability behave competitively and 2) we assume they exercise market power.

The use of coal as a fuel has increased tremendously over the past decade, with most of the growth coming from rapidly expanding economies like those in China and India. As coal continues to be the fuel of choice for electricity generation around the world, PESD is excited to be developing a model to further understand the global steam coal market.  In the future, we anticipate the model will help answer questions regarding climate and trade policies, market structure, and technology improvements.

Michael Joined PESD in July of 2010 as a research assistant after graduating from Stanford University with a BA in Economics.

Encina Hall
Stanford University

616 Serra St.
Encina Hall East
Stanford, CA 94305

(650) 721-1456 (650) 724-1717
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Research Assistant
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Michael joined PESD in July of 2010 after graduating from Stanford with a BA in Economics. He works with the Program Director, Frank A. Wolak, as a Quantitative Research Assistant. At Stanford he discovered his interest in Economics as a tool for encouraging more responsible use of energy and resources. He looks forward to working at PESD where he will continue to explore these interests.

His research interests include studying the effects of price-based climate policies, and to what extent they accelerate the production and adoption of low-carbon energy technologies.

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On February 23, John Roos, U.S. Ambassador to Japan, Robert Hormats, U.S. Under Secretary of State, and Norihiko Ishiguro, Director-General of Japan's Ministry of Economy, Trade, and Industry, will join the Walter H. Shorenstein Asia-Pacific Research Center's Michael H. Armacost, William F. Miller, and Robert Eberhart, as well as prominent Japanese and American business leaders, academic experts, and government officials, will meet at Stanford for a roundtable dialogue on entrepreneurship and innovation in Japan. Larry Sonsini, Chairman of Wilson, Sonsini, Goodrich, and Rosati, will give the keynote address.

After the first Dialogue on Japanese Entrepreneurship held in February 2010, representatives from the U.S. and Japanese governments met in Tokyo on May 27, 2010, to consider ways to foster an environment that would promote new businesses and job creation. Utilizing data from the Stanford Project on Japanese Entrepreneurship (STAJE) and the American Chamber of Commerce of Japan, business representatives shared their views with officials of both governments on policies and practices that would encourage such growth. On November 13, 2010, the White House and the Prime Minister's Office formally launched the U.S.-Japan Dialogue to Promote Innovation, Entrepreneurship, and Job Creation, elevating it to a policy-level dialogue, with SPRIE-STAJE providing academic expertise. The February 23 event aims to build on the conversation about how to foster innovation through entrepreneurship.

The event will consist of a roundtable discussion on policies and ecologies to promote entrepreneurship and job growth. Following the keynote address, a panel discussion on smart grid technologies will take place with representatives from Cisco Systems, Toshiba, GE, Panasonic, Toyota, IBM, and officials of the U.S. and Japanese governments.

This event will be held closed session to facilitate more open dialogue and will involve Stanford students and scholars, business leaders, and government officials.

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U.S. Ambassador to Japan John Roos, speaking at a STAJE event in November 2010.
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