The Organisation for Economic Cooperation and Development (OECD) has announced it will end export credit support for unabated coal-fired power plants.
The market analysts GlobalData has reported that, based on Spain’s National and Energy Climate Plan, the country is on course to phase out nuclear, coal-fired, and oil-fired power generation plants by 2035.
The US Energy Information Administration (EIA) has said that it expects a 22 per cent increase in coal-fired generation in 2021 over 2020.
The Punjab State Power Corporation Limited (PSPCL) has cut power generation and imposed load shedding as a result of severe coal shortages.
R. K. Singh, the Indian Power Minister, said that India is facing a possible energy supply problem in the coming months due to coal shortages and a post-pandemic surge in demand.
Steag, the German power plant operator, was forced to close its Bergkamen A plant due to shortages of hard coal.
China’s northeastern region is being hit hard by electricity shortages brought about by limited coal supplies.
China’s President Xi Jinping said at a UN meeting that China will stop building new coal-fired power plants abroad.
The USA has announced that it has joined efforts to end export credits for coal-fired power generation projects. The initiatives are sponsored by the OECD.
As part of the Indian government’s attempt to ensure uninterrupted electricity supply from thermal power projects, captive coal mine production has been directed to meet 85 per cent of their targets in a week, and state electricity distribution companies procuring power from imported coal-fired projects have been asked to meet their demand from such plants within two weeks.