Boom and Bust Coal 2024

Boom and Bust Coal 2024: Global Energy Monitor

· Global Energy Monitor, CREA, E3G, Reclaim Finance, Sierra Club, SFOC, Kiko Network, CAN Europe, Bangladesh Groups, Trend Asia, ACJCE, Chile Sustentable, POLEN, ICM, and Arayara, April 2024

Boom and Bust is an annual survey of the global coal fleet by Global Energy Monitor and partners. The report analyzes key trends in coal power capacity and tracks various stages of capacity development including planned retirements. This provides key insights into the status of the global phaseout of coal power and evaluates progress towards the world’s climate targets and commitments.

The data comes from GEM’s Global Coal Plant Tracker, an online database updated biannually that identifies and maps every known coal-fired generating unit and every new unit proposed since January 1, 2010 (30 MW and larger).

Global Energy Monitor’s data serves as a vital international reference point used by organizations including the Intergovernmental Panel on Climate Change , International Energy Agency and the United Nations as well as global media outlets.

Global operating coal capacity grew by 2% in 2023, with China driving two- thirds of new additions, and a small uptick was seen for the first time since 2019 in the rest of the world, according to Global Energy Monitor’s annual survey of the global coal fleet. Data in the Global Coal Plant Tracker show that 69.5 GW of coal power capacity was commissioned while 21.1 GW was retired in 2023, resulting in a net annual increase of 48.4 GW for the year and a global total capacity of 2,130 GW. This is the highest net increase in operating coal capacity since 2016.

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