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Economist Podcasts

A friend of mines: Asia’s coal habit

Economist Podcasts

The Economist

News & Politics, News

4.35K Ratings

🗓️ 26 August 2019

⏱️ 23 minutes

🧾️ Download transcript

Summary

The region accounts for three-quarters of the world’s coal consumption—even as giants such as China and India consider its environmental effects and opportunities in renewables. For a while, international aid and attention were showered on Liberia; now they’re gone, things aren’t going well. And, a look at cruise lines’ new wheeze in the Caribbean: real travel it ain’t.

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Transcript

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0:00.0

Hello and welcome to the Intelligence on Economist Radio. I'm your host, Jason Palmer.

0:09.6

Every weekday, we provide a fresh perspective on the events shaping your world.

0:17.6

For a while, things in the West African country of Liberia were looking up.

0:22.6

After a 14-year civil war, international aid poured in, and a new president swept to power promising reform.

0:29.6

But now, both the money and the hope are drying up.

0:33.6

And cruises to the Caribbean are becoming even less authentic travel experiences.

0:39.6

Cruise lines are snapping up property and building literal walled gardens to coddle their passengers,

0:45.3

who don't even need visas to visit.

0:47.3

We ask who's benefiting.

0:56.8

First up, though.

1:09.4

Coal drives Asia, and yet the region's passion for the stuff threatens the health of the planet.

1:14.2

Despite every Asian country signing up to the Paris Agreement on climate change,

1:19.7

it's estimated the deadlines for both the construction and the closure of coal-fired power stations will be missed by decades.

1:22.1

Can all this change in order for the climate not to?

1:25.1

Asia digs up and burns three quarters of the world's coal.

1:29.5

Miranda Johnson is the economist's Southeast Asia correspondent.

1:32.7

China is the world's largest producer and consumer of coal by an extremely long way. And largely,

1:41.0

as a result, it also emits more carbon dioxide than any other country in the world.

1:47.6

India is the second biggest consumer. Japan and South Korea are also big consumers of coal, while Australia and Indonesia are big producers.

1:59.0

Southeast Asia was the only region in the world last year in which coal share of power generation

2:05.0

actually grew.

2:06.8

So coal is increasingly becoming a truly Asian phenomenon.

...

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