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OECD countries phasing out coal while China continues new projects

  • 1 year, 6 months ago (2022-11-16)
  • David Flin
Coal 278

The Powering Past Coal Alliance (PPCA) has reported that countries within the Organisation for Economic Cooperation and Development (OECD) are on track to close over 75 per cent of coal-fired electricity generation by 2030.

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The scale of proposed new coal-fired power plants has also collapsed globally by the same amount since 2015. PPCA said that this will lead to an irreversible transition away from coal, despite short-term energy security concerns resulting from Russia’s invasion of Ukraine.

Since 2015, the global capacity of operating coal-fired power plants increased by 170 GW to a total of 2067 GW as of July 2022. However, if China is excluded from consideration, the rest of the world has seen a net decrease of 54 GW (5 per cent) since 2015.

The Centre for Research on Energy and Clean Air said that China was: “Continuing to invest in coal-fired power plants and steel facilities at alarming rates, despite its carbon neutrality targets.”