The world's coal power capacity climbed to a record high in 2023 as China added lots of new capacity and countries around the world delayed the retirement of coal power plants.
Global coal power capacity hit a record last year driven by China , which built the most new capacity, but also helped by a slowdown in coal power plant retirements across the world. This is according to data from Global Energy Monitor, a transition outlet that tracks energy trends. The data also showed that coal power plant retirement has been slowing down since 2020 when total retirements globally exceeded 40 GW. In 2023, this had fallen to a little over 20 GW.
“But countries that have coal plants to retire need to do so more quickly, and countries that have plans for new coal plants must make sure these are never built. Otherwise, we can forget about meeting our goals in the Paris Agreement and reaping the benefits that a swift transition to clean energy will bring,” she also said in comments on the report’s findings.
Capacity Energy Emissions China Energy Transition Clean Energy Fossil Fuels
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