A report by Global Energy Monitor reveals that China accounted for about two-thirds of new coal plant capacity in 2023, with the world adding more coal power capacity than any year since 2016. Other countries also contributed to the growth, while the U.S. and U.K. slowed their rate of plant closures.
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.
Other countries that brought new coal plants online included Indonesia, India, Vietnam, Japan, Bangladesh, Pakistan, South Korea, Greece and Zimbabwe.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.
Despite this, GEM said that with"immediate and determined action," China can still meet its climate targets, including a goal set by the National Energy Administration in 2022 to retire 30 GW of coal power by 2025. "While the increases in renewable capacity in Europe, the United States and Brazil hit all-time highs, China's acceleration was extraordinary," the report said.
Global Energy Monitor Report Coal Capacity China Growth New Plants World U.S. U.K.
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