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China Accounts For Two-Thirds Of World's Planned New Coal Power: Research

"SINGAPORE - China accounted for more than two thirds of the world's proposed new coal-fired power by the end of 2022, with 366 gigawatts (GW) of additional capacity either being planned or under construction, research showed on Thursday.

U.N. Secretary General Antonio Guterres has urged countries to stop building new plants and phase out coal consumption completely by 2040 in order to slash climate-warming carbon emissions and keep global temperature rises within 1.5 degrees Celsius above pre-industrial levels.

But the amount of capacity planned or under construction around the world hit 537 GW last year, rebounding from a record low of 479 GW a year earlier, with China accounting for 68% of the total, according to a report by a group of think tanks led by the U.S.-based Global Energy Monitor (GEM)."

David Stanway reports for Reuters April 6, 2023.

Source: Reuters, 04/06/2023