Economic Impact of Underground Coal Gasification Technology on Coal Reserves in Colombia

Posted: 4 Sep 2013

See all articles by John Rosso

John Rosso

UPTC - Faculty of Economics and Management Sciences; Universidad de Los Andes - Finance Department

Date Written: December 22, 2012

Abstract

Given the in situ gasification technology (Underground Coal Gasification-UCG), as an alternative to coal consumption in an alternative way, it allows the exploitation of inaccessible reserves to conventional mining technologies. In this article I answer the question on how the volume of reserves available is increased given the possibility to exploit more resources and the way that this increasing in reserves impacts the potential economic benefit for the country. Mining is a very important wealth resource in Colombia as a contribution to GDP. This is a significant fact due to the existence of a considerable volume of reserves and the prospect of the future role of coal in world energy production.

Keywords: exhaustible resources and economic development, simulation, energy and the macroeconomics, UCG technology

JEL Classification: Q32, E27, Q43, O14

Suggested Citation

Rosso, John, Economic Impact of Underground Coal Gasification Technology on Coal Reserves in Colombia (December 22, 2012). Available at SSRN: https://ssrn.com/abstract=2320094

John Rosso (Contact Author)

UPTC - Faculty of Economics and Management Sciences ( email )

Av Central Norte -UPTC
Tunja, Boyaca 150001
Colombia
87441550 (Phone)

HOME PAGE: http://www.uptc.edu.co

Universidad de Los Andes - Finance Department ( email )

Carrera 1 # 18A-12
Bogota, D.C. 110311
Colombia

HOME PAGE: http://administracion.uniandes.edu.co

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