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Global Energy Monitor

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environment3 years ago•6 min saved

China's coal power expansion threatens global climate goals.

Global efforts to phase out coal continued in 2022, except in China where new coal production capacity offset the gains in the rest of the world, according to a report by Global Energy Monitor. The US saw the largest decline in coal-fired power generation, while the EU recorded a decrease of only 2.2 GW. China alone now accounts for 68% of coal-related projects under development worldwide, and 72% of those are in the pipeline. Despite advances, the pace of the global coal phase-out remains incompatible with the goal of the Paris Agreement.

via FRANCE 24 English|

#china #climate-change #coal

energy3 years ago•2 min saved

Global Efforts to Phase Out Coal Undermined by China's Coal Boom.

China is planning to build 366 GW of new coal generation capacity, accounting for 68% of global planned new coal capacity as of 2022, according to a report by climate think tank Global Energy Monitor. While the rest of the world saw its coal capacity decrease by 20% to 172 GW, there are increases across other countries such as India, Turkey, and Indonesia. The report warns that the global pace of retirements needs to move four and a half times faster to phase out coal power by 2040, as required to meet the goals of the Paris climate agreement.

via OilPrice.com|

#china #climate-change #coal

environment3 years ago•2 min saved

Global Coal Capacity Continues to Grow Despite Climate Pledges and Phase-Out Efforts.

Despite global promises to phase down coal, the capacity to burn coal for power increased by 1% in 2022, with nearly all newly commissioned coal projects in China, according to a report by Global Energy Monitor. China accounted for 92% of all new coal project announcements. To meet climate goals set in the 2015 Paris Agreement, coal plants in rich countries need to be retired by 2030 and coal plants in developing countries need to be shut down by 2040, but only 26 gigawatts of coal was retired in 2022, far short of the 117 gigawatts needed.

via The Associated Press|

#climate-change #coal #energy