China’s aggressive expansion of coal power undermining global efforts to wean itself off dirty fuel: study
- New coal power capacity under development in China rose 38 per cent to 366GW last year, while it fell 20 per cent in rest of the world, according to a report by climate NGOs
- The world needs to step up the pace of retiring coal capacity 4.5 times faster than last year if the UN’s aim of phasing out coal by 2040 is to be met, according to Global Energy Monitor
Coal-powered capacity in operation in developed and developing countries fell in 2022 as existing plants were retired and proposed projects were cancelled, except in China where new projects are coming up as local governments heed Beijing’s call to ensure energy security.
Globally, 45.5GW of coal capacity was commissioned in 2022, with nearly 60 per cent coming from China, according to the report. And although 26GW of coal capacity was retired globally last year, the world’s coal-powered fleet grew by 19.5GW, an increase of less than 1 per cent compared with 2021.
“The more new coal projects come online, the steeper the cuts and commitments need to be in the future,” said Flora Champenois, lead author of the report and project manager for GEM’s global coal plant tracker. “At this rate, the transition away from existing and new coal isn’t happening fast enough to avoid climate chaos.”