Producing Liquid Fuels from Coal: Prospects and Policy Issues

Large U.S. coal reserves and viable technology make promising a domestic industry producing liquid fuels from coal. Weighing benefits, costs, and environmental issues, a productive and robust U.S. strategy is to promote a limited amount of early commercial experience in coal-to-liquids production and to prepare the foundation for managing associated greenhouse-gas emissions, both in a way that reduces uncertainties and builds future capabilities.