EnvironmentSmith School of Enterprise and the Environment25technology have enabled access to large amounts of natural gas. A higher future carbon price, through a carbon tax or a trading scheme, will, of course, be needed to reduce GHG emissions. It is, nevertheless, worth noting that recent studies [47] have been increasingly pessimistic about the abilities of coal to continue to meet increasing demand over coming years. 4Chapter 4Chapter 4: Learning from the Negotiation Process

26Smith School of Enterprise and the EnvironmentSmith