Recent research indicates a surge in global coal power capacity, led by China, with a net increase of 48.4 GW in 2023.

China alone contributed about two-thirds of this growth, while other countries such as Indonesia, India, and Vietnam also added new coal plants.

Despite efforts in some regions like the U.S. and U.K. to slow plant closures, the total retired capacity was the smallest since 2011.

Analysts urge faster coal plant shutdowns to align with climate goals, highlighting the importance of transitioning to clean energy, CNBC has reported.

Despite China’s substantial new coal capacity construction, it aims to reach net-zero emissions by 2060, with plans to phase down coal consumption.

While immediate action is needed, there’s optimism that China can still meet its climate targets, particularly with accelerated coal retirements expected in the U.S. and Europe, offsetting some of China’s new capacity.

Written by B.C. Begley