Nearly 60 countries have drastically scaled back their plans for building coal-fired power plants since the Paris Agreement in 2015, according to figures released by Global Energy Monitor (GEM).
Among those making cuts of 98% or more to their coal-power pipeline are some of the world’s biggest coal users, including Turkey, Vietnam and Japan.
The data also shows that 35 nations eliminated coal from their plans entirely over the past decade, including South Korea and Germany.
Global coal-fired electricity generation has increased since 2015 as more power plants have come online.
But the data on plants in “pre-construction” phases in 2024 shows what GEM calls a “dramatic drop” in proposals for future coal plants.
The number of countries still planning new coal plants has roughly halved to just 33, with the proposed capacity – the maximum electricity output of those proposed plants – dropping by around two-thirds.
China and India, the world’s largest coal consumers, have also both reduced their planned coal capacity by more than 60% over the same timeframe, from a total of 801 gigawatts (GW) to 298GW.
However, both countries still have a large number of coal projects in the pipeline and, together, made up 92% of newly proposed coal capacity globally in 2024.
‘Dramatic drop’
The Paris Agreement in 2015 had major implications for the use of fossil fuels. As the fossil fuel that emits the most carbon dioxide (CO2) when burned, coal has long been viewed by many as requiring a rapid phaseout.
The Intergovernmental Panel on Climate Change (IPCC) and the International Energy Agency (IEA) both see steep declines in “unabated” coal use by 2030 as essential to limit global warming to 1.5C.
But coal power capacity has continued to grow, largely driven by China.
Global capacity hit 2,175GW in 2024, up 1% from the year before and 13% higher than in 2015, according to GEM’s global coal-plant tracker.
This growth disguises a collapse in plans for future coal projects.
GEM’s latest analysis charts a decade of developments since the Paris Agreement and the “dramatic drop” in the number of coal plant proposals.
In 2015, coal power capacity in pre-construction – meaning plants that had been announced, or reached either the pre-permit or permitted stage – stood at 1,179GW.
By 2024, this had fallen to 355GW – a 70% drop. This indicates that countries are increasingly turning away from their earlier plans for a continued reliance on coal.
In total, 23 nations reduced the size of their proposals over this period and another 35 completely eliminated coal power from their future energy plans. Together, these 58 countries account for 80% of global fossil fuel-related CO2 emissions.
The chart below shows these changes, with China and India shown on a different x-axis due to the scale of their proposals. (See section below for more information.)
2015 to 2024, gigawatts (GW), in all countries that saw declines over this period. Red arrows indicate countries that no longer have any plans to build coal power plants. Source: Global Energy Monitor.
According to GEM, of the coal plants that were either under pre-construction or construction in 2015, 55% ended up being cancelled, a third were completed and the remainder are still under development.
Many of the nations that have phased coal out of their electricity plans are either very small or only had modest ambitions for building coal power in the first place.
However, the list also includes countries such as Germany and South Korea. These nations are both in the top 10 of global coal consumers, but their governments have committed to significantly reducing or, in Germany’s case, phasing out coal use by the late 2030s.
Turkey, Vietnam and Japan are among the big coal-driven economies that are now approaching having zero new coal plants in the works. All have around 2% of the planned capacity they had a decade ago.
Other major coal consumers have also drastically reduced their coal pipelines. Indonesia, the fifth-biggest coal user, has reduced its coal proposals by 90% and South Africa – the seventh-biggest – has cut its planned capacity by 83%.
Of the 68 countries that were planning to build new coal plants in 2015, just nine have increased their planned capacity. Around 85% of the planned increase in capacity by these nations is in Russia and its central Asian neighbours.
China and India
China is by far the world’s largest coal consumer, with India the second largest.
There was 44GW of coal power added to the global fleet last year. China was responsible for 30.5GW of this while retiring just 2.5GW, and India added 5.8GW while retiring 0.2GW.
Between them, these nations contributed 70% of the global coal-plant construction in 2024.
Nevertheless, there were signs of change as newly operating coal capacity around the world reached its lowest level in 20 years.
China and India have also seen significant drops in their pre-construction coal capacity over the past decade.
In 2015, China had 560GW of coal power in its pipeline and India had 241GW. Both nations have seen their proposed capacity drop by more than 60% to reach 217GW and 81GW, respectively.
While this is a significant reduction, both nations still have more coal capacity planned now than any other nation did in 2015. China’s current 217GW is roughly four times more than the 57GW Turkey was planning at that time.
GEM attributes the “slowdown” in China’s new proposals to the nation’s record-breaking solar and wind growth, which saw more electricity generation capacity installed in 2023 and 2024 than in the rest of the world combined.
As for India, GEM says the “notable declines” in coal proposals and commissions came after a “coal-plant investment bubble that went bust in the early 2010s”.
It notes that India is now “encouraging and fast-tracking the development of large coal plants”. The government has cited the need to meet the large nation’s growing electricity demand, especially due to the increased need for cooling technologies during heatwaves.
As other nations move away from the fossil fuel, coal capacity is likely to become increasingly concentrated in these two nations. Together, they made up 92% of the 116GW in newly proposed capacity last year.
The post Analysis: Nearly 60 countries have ‘dramatically’ cut plans to build coal plants since 2015 appeared first on Carbon Brief.
Analysis: Nearly 60 countries have ‘dramatically’ cut plans to build coal plants since 2015
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As campers with boats flocked to Buckboard Marina at the start of Memorial Day weekend, Tony Valdez was busy issuing refunds and repairing broken boat ramps. One older Green River man, who walked with two canes, left with his money refunded for the season after discovering he could not safely make it down to the boat slip. Due to dropping water levels at Flaming Gorge Reservoir, the ramp is now buckled, angling up and down like a pitched roof.
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Dark clouds are gathering over adaptation finance. The US has all but stopped providing it and European countries are slashing their aid budgets to spend more on their militaries. Much of what is flowing comes in the form of loans and doesn’t reach the most vulnerable, as we’ve reported.
Over the years, one bright spark has been the Adaptation Fund and its grants to developing countries for pioneering work in communities. It has allocated $1.6 billion to 226 projects, benefiting 90 million people, its website says. And, while rich nations are failing to give the fund all the money it needs to finance its growing pipeline, new revenues are supposed to come in from the Paris Agreement’s new carbon market, known as Article 6.4.
Back at COP26 in Glasgow, governments agreed that the Adaptation Fund should get 5% of the proceeds from all Article 6.4 carbon credits – other than those based in small islands and least developed countries.
How much money that will amount to is uncertain. It depends on how many projects there are and the price of their credits.
The fund got over $200 million from a similar share of proceeds under the Kyoto Protocol’s Clean Development Mechanism (CDM), although the price of those credits collapsed.
While $200 million was a disappointment as ten times that was expected, the Adaptation Fund head Mikko Ollikainen told Climate Home News in Bonn that the sum was “not insignificant”. By comparison, the fund has been seeking $300 million per year from donor governments in recent years.
Hopes are that the CDM’s successor will yield bigger sums for adaptation. But for the fund to get its hands on the share of cash it is expecting from Article 6.4 projects , governments need to agree to transition the fund to “exclusively” serve the Paris Agreement. They are hoping to wrap up those talks in Bonn this week, so that they can rubber-stamp the decision early at COP31.
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It has not been plain-sailing. As small islands’ lead negotiator Anne Rasmussen told a press conference on Tuesday, this transition “is being blocked, frustrating efforts to replenish the fund and ensure that the crucial adaptation finance can flow to those that need it the most”.
This issue, along with other finance complaints, leads small islands “to question whether the implementation of the NCQG [the 2035 finance goal agreed at COP29] is dead on arrival”, she added.
The problem is related to who is considered a developed country at UN climate talks, with the responsibilities for providing climate finance that designation implies.
Traditional donor countries, which have been pushing for years for some wealthier developing countries like Saudi Arabia and China to contribute to climate finance as well, want the Adaptation Fund’s board seats to be split between “developed” and “developing” countries.
They argue that these are the categories referred to in the Paris Agreement and so are appropriate for a fund that exclusively serves that accord.
Developing countries – which have long opposed any of their members being considered developed – argue that the board seats should continue to be split between “Annex 1” and “non-Annex 1” countries.
These categories, based on lists of nations drawn up in 1992, are more rigid than “developed” and “developing”. While development status can change over time, you’re either on the Annex 1 list or you’re not.
Ollikainen said a delay in agreement beyond COP31 – a risk if the issue is not resolved here in Bonn – would harm people in the real world where adaptation needs are rising sharply while the money to protect them from worsening climate impacts is not.
“If we don’t address adaptation,” the fund’s head told Climate Home News, “that will lead to loss and damage and that’s going to be even more costlier than adaptation – and the cost will be borne by people who have done least to cause this problem who typically don’t have social safety networks to support them.”
The post Bonn Bulletin: Adaptation Fund stalemate puts people at risk, says head appeared first on Climate Home News.
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