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Business Daily: Coal boom

21/12/2010

Coal boom

BBC World Service - Business Daily, Coal boom

Coal is booming because of rising demand from Asia. What will it mean for climate change?

Coal is booming because of rising demand from Asia; what will it mean for climate change? Plus, are we all partly guilty for the sins of the banks?

Growing demand in Asia has created a new boom in coal. Energy companies across the world are vying with each other to snap up new sources of coal. But what will all this  mean for the risk of global warming? 

Lesley Curwen talks to David Price, director of Cambridge Energy Research Associates and to John Wallington, the chief executive of the South African mining company, Coal Africa.

Plus, Fiona Dent, from Ashridge Business School gives advice on how to make the cultural leap from working in the public sector, to working for a commercial business.

And our commentator, the independent economics blogger, Steve Fritzinger wonders whether people have been too ignorant about what their banks were up to.

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