Global coal-power capacity rose to a record last year, led by a surge in new plants in China and a slowdown in retirements around the world, according to a new report from Global Energy Monitor.
With Chhattisgarh, Uttar Pradesh leading coal capacity expansion, after what appeared to be a promising year for the beginning of a phase-down in 2022, new coal capacity additions and a growing pipeline in 2023 indicate that coal may be on the .
China accounted for two-thirds of the coal-burning power capacity that came online last year, according to Global Energy Monitor, which ‘starkly contrasts with the global trend, putting China’s 2025 climate targets at risk’.
(Bloomberg) Global coal-power capacity rose to a record last year, led by a surge in new plants in China and a slowdown in retirements around the world, according to a new report from Global Energy Monitor. Most Read from BloombergUS Sees Imminent Missile Strike on Israel by Iran, ProxiesUS Slams Strikes on Russia Oil Refineries as Risk to Oil MarketsUS Inflation Refuses to Bend, Fanning Fears It Will StickChinese Cement Maker Halted After 99% Crash in 15 MinutesS&P 500 Hit by Fed-Pivot Rethi