Asymmetric aqueous electrochemical capacitors with energy densities as high as 22Whkg⁻¹, power densities of 11kWkg⁻¹ and a cell voltage of 2V were fabricated using cost effective, high surface carbon derived from coal tar pitch and manganese dioxide. The narrow pore size distribution of the activated carbon (mean pore size ∼0.8nm) resulted in strong electroadsorption of protons making them suitable for use as negative electrodes. Amorphous manganese dioxide anodes were synthesized by chemical precipitation method with high specific capacitance (300Fg⁻¹) in aqueous electrolytes containing bivalent cations. The fabricated capacitors demonstrated excellent cyclability with no signs of capacitance fading even after 1000 cycles.