The world’s coal-fired power capacity grew 2% last year, its highest annual increase since 2016, driven by new builds in China and decommissioning delays elsewhere, according to research published on Thursday. Despite record amounts of new renewable energy, nearly 70 gigawatts of coal power capacity were commissioned across the world last year, including 47.4 GW in China, the US-based think tank Global Energy Monitor said in its annual survey.
5 degrees Celsius , global coal power capacity needs to be eliminated by 2040, according to projections by the International Energy Agency. Such a phase-out would require an average of 126 GW of closures every year, the equivalent of two plants a week, even if no new capacity was added, GEM estimated. Currently, however, another 578 GW of coal capacity is in development. That includes 408 GW in China alone and is enough to power the whole of India.
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