The world added more coal power capacity last year than any year since 2016, with China driving most growth and most planned growth according to new research.
A report by Global Energy Monitor found that net coal capacity grew by 48.4 GW in 2023, with China accounting for about two-thirds of new coal plant capacity.
Meanwhile, other countries such as the U.S. and U.K., slowed their rate of plant closures, with only about 22.1 GW retired last year — the smallest amount since 2011. The Paris Climate agreement, signed by most global governments in 2015, set long-term goals for substantially reducing greenhouse gas emissions, caused by fossil fuels like coal. Coal power capacity, however, continues to steadily grow.Yet, according to data from GEM, China started construction on 70.2 GW of new coal-power capacity last year, nearly 20 times as much as the rest of the world's 3.7 GW. The country also only retired about 3.7 GW of its coal capacity in 2023.
"Coal's fortunes this year are an anomaly, as all signs point to reversing course from this accelerated expansion," said Champenois.from the IEA, global renewable capacity additions increased by almost 50% to nearly 510 GW in 2023, the fastest growth rate in two decades.
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