The Intelligence from The Economist Your planet, or mines? Kicking the coal habit
Dec 3, 2020
In this enlightening discussion, Charlotte Howard, The Economist's energy and commodities editor and expert on global energy markets, dives into the pressing need to reduce coal consumption globally. She contrasts declining use in the West with rising demand in Asia, particularly China and India. The conversation also touches on the inspiring democratic struggle in Belarus, showcasing the resilience of its people. Plus, an innovative technique using candy-floss machines for effective face masks adds an unexpected twist to the episode!
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Coal's Changing Role
- Coal's importance has shifted dramatically, from a symbol of prosperity to a climate change concern.
- It now represents a major source of CO2 emissions, demanding drastic reduction.
Global Coal Imbalance
- While the West is reducing coal use due to government policies, investor concerns, and cheaper alternatives, Asia's consumption is rising.
- This global imbalance hinders the Paris Agreement's climate goals.
Development vs. Emissions
- Developing economies face the dilemma of balancing economic growth with the need to avoid the West's coal-dependent past.
- Asia's coal consumption per person is still lower than America's, raising questions about growth limitations.