Countries within the Organization for Economic Cooperation and Development policy forum and the European Union are on track to close more than 75% of their coal power capacity from 2010 to 2030, the Powering Past Coal Alliance said.
While some countries such as Britain and Germany have delayed the closure of coal plants this winter due to concerns over Russian energy supplies, overall phase-out dates remained intact, according to the report released to coincide with the COP27 climate summit of world leaders in Egypt. “Accelerated retirements within the OECD and the collapse in the scale of new project proposals in the rest of the world have been counteracted by the ongoing expansion of the coal fleet in China,” said the PPCA, an international campaign aimed at phasing out the fuel.
There are still plans for almost 300 gigawatts of new coal power capacity globally with around two-thirds of this slated to be built in China, the report showed.