The World Forum - June 17th, 2024

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Coal Use Climbs Worldwide Despite Promises to Slash Consumption

 


The burning of coal for electricity, cement, steel and other uses went up in 2022 despite global promises to phase down the fuel that’s the biggest source of planet-warming gases in the atmosphere, a report Wednesday found.


The coal fleet grew by 19.5 gigawatts last year, enough to light up around 15 million homes, with nearly all newly commissioned coal projects in China, according to a report by Global Energy Monitor, an organization that tracks a variety of energy projects around the globe.


That 1% increase comes at a time when the world needs to retire its coal fleet four and a half times faster to meet climate goals, the report said. In 2021, countries around the world promised to phase down the use of coal to help achieve the goal to limit warming to 1.5 degrees Celsius (2.7 Fahrenheit).


New coal plants were added in 14 countries and eight countries announced new coal projects. China, India, Indonesia, Turkey and Zimbabwe were the only countries that both added new coal plants and announced new projects. China accounted for 92% of all new coal project announcements.


China added 26.8 gigawatts and India added about 3.5 gigawatts of new coal power capacity to their electricity grids. China also gave clearance for nearly 100 gigawatts of new coal power projects with construction likely to begin this year.


Others went the other way. There were significant shutdowns in the U.S. where 13.5 gigawatts of coal power was retired. It’s one of 17 countries that closed up plants in the past year.


To meet climate goals set in the 2015 Paris Agreement, coal plants in rich countries need to be retired by 2030 and coal plants in developing countries need to be shut down by 2040, according to the International Energy Agency. That means around 117 gigawatts of coal needs to be retired every year, but only 26 gigawatts was retired in 2022.


https://time.com/6269147/coal-worldwide-use-2022/

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