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The world added more coal power capacity last year than any year since 2016, with China driving most growth and future planned capacity, according to new research. A report by Global Energy Monitor released Thursday found that net annual coal capacity grew by 48.4 GW, representing a 2% year-over-year increase. China alone accounted for about two-thirds of new coal plant capacity. Other countries that brought new coal plants online included Indonesia, India, Vietnam, Japan, Bangladesh, Pakistan, South Korea, Greece and Zimbabwe. Coal power capacity, however, continues to steadily grow.
Persons: Champenois Organizations: Global Energy Monitor, GEM Locations: China, Indonesia, India, Vietnam, Japan, Bangladesh, Pakistan, South Korea, Greece, Zimbabwe, Paris
CNN —The world’s coal-fired power capacity grew 2% last year, its highest annual increase since 2016, driven by new builds in China and decommissioning delays elsewhere, according to research published on Thursday. Coal-fired capacity outside China also grew for the first time since 2019, while worldwide only 21.1 GW was shut down, the survey found. Currently, however, another 578 GW of coal capacity is in development. China’s coal plant retirement rate was also at its lowest in a decade last year, amid concerns over energy security. With coal-fired power incompatible with China’s declared longer-term climate goals, GEM said China is running the risk of being lumbered with billions of yuan in stranded assets.
Persons: Flora Champenois, , ” Champenois, China’s, Organizations: CNN, Global Energy Monitor, GEM, International Energy Agency Locations: China, Paris, India
The train, which is operated by the luxury travel company Belmond, this week welcomed its first set of passengers since it stopped running as a result of the Covid-19 pandemic. The luxury train has been operating in Southeast Asia since 1993, when it first began shuttling travelers between Singapore and Bangkok. Now Thailand is out, replaced with two new journeys, which start and end in Singapore and explore different sides of Malaysia. The new routes are seasonal, with the "Essence of Malaysia" running from November to February, and "Wild Malaysia" from March to October. Prices start from £3,530 ($4,430) per person for a one-night trip in a historic cabin, according to its website.
Persons: Arnaud Champenois, Belmond's, Andre Chiang, Singapore's, Andre Organizations: Oriental Express, CNBC, Orient Locations: Southeast Asia, Singapore, Bangkok, Thailand, Malaysia, West Coast, Penang, Langkawi, Kuala Lumpur, Wild, Taman, Venice, Europe
And yet, even as the climate crisis inserts itself viscerally into people’s lives, experts say the year has seen alarming backsliding on climate action. Green policies have been watered down, huge new oil and gas projects have been greenlit and coal has had something of a resurgence. As countries gather in Dubai for the UN’s COP28 climate summit, there are “high expectations,” said Harjeet Singh, the head of global political strategy at nonprofit Climate Action Network International. It sent worrying signals about climate backtracking, said Elisa Giannelli, a senior policy advisor at climate think tank E3G. Around 50% of its total capital spending needs to go toward clean energy projects by 2030, according to the report.
Persons: , Harjeet Singh, Kaveh Guilanpour, Singh, Biden, , Erik Grafe, Joe Biden, Countess, Norway —, Elisa Giannelli, “ It’s, Rishi Sunak, Joeri Rogelj, Flora Champenois, It’s, Bernd Lauter, ” Rogelj, Darren Woods, Bernard Looney, Fatih Birol, Guilanpour, Claire Fyson, ” Fyson, “ we’re, ” CNN’s Ella Nilsen, Ivana Kottasová, Gan Organizations: CNN, United Nations, Action, , Climate, Energy Solutions, US Department of Interior, Imperial College London, Global Energy Monitor, GEM, Getty, BP, Chevron, ExxonMobil, Shell, Exxon, IEA, Climate Analytics Locations: Canada, Libyan, Dubai, Alaska, Washington ,, Australia, Norway, Europe, Germany, China, Asia, Ukraine, Eschweiler, COP28
"The more new coal projects come online, the steeper the cuts and commitments need to be in the future," said GEM's Flora Champenois, lead author of the report. Outside China, planned new capacity fell 20% last year, with no projects proposed either in the European Union or North America. India accounted for 60.5 GW of the proposed capacity while Indonesia is planning to build another 26 GW. Overall, worldwide coal-fired power capacity grew by 19.5 GW last year, with 45.5 GW of newly constructed capacity - mostly from China - offset by plant retirements totalling 26 GW. China's coal plant approvals last year were the highest since 2015, as local governments responded to concerns that power supply instability could undermine economic growth.
China approved the construction of another 106 gigawatts of coal-fired power capacity last year, four times higher than a year earlier and the highest since 2015, driven by energy security considerations, research showed on Monday. Over the year, 50 GW of coal power capacity went into construction across the country, up by more than half compared to the previous year, the Center for Research on Energy and Clean Air, or CREA, and Global Energy Monitor said. "The speed at which projects progressed through permitting to construction in 2022 was extraordinary, with many projects sprouting up, gaining permits, obtaining financing and breaking ground apparently in a matter of months," said GEM analyst Flora Champenois. Many of the newly approved projects are identified as "supporting" baseload capacity designed to ensure the stability of the power grid and minimize blackout risks, the CREA-GEM report said. However, many are being built in regions which already have a clear capacity surplus, and power supply problems would be better addressed by improving grid reliability and efficiency, the authors said.
SINGAPORE, Feb 27 (Reuters) - China approved the construction of another 106 gigawatts of coal-fired power capacity last year, four times higher than a year earlier and the highest since 2015, driven by energy security considerations, research showed on Monday. Many of the newly approved projects are identified as "supporting" baseload capacity designed to ensure the stability of the power grid and minimise blackout risks, the CREA-GEM report said. However, many are being built in regions which already have a clear capacity surplus, and power supply problems would be better addressed by improving grid reliability and efficiency, the authors said. China suffered a wave of blackouts in September 2021 as a result of coal supply shortages, cutting off thousands of homes and factories. However, renewable power capacity additions have remained at record levels, with solar installations at 87 GW in 2022 and expected to rise further in 2023.
“China continues to be the glaring exception to the ongoing global decline in coal plant development,” said Flora Champenois, a research analyst at GEM. Throughout 2022, China granted permits for 106 gigawatts of capacity across 82 sites, quadruple the capacity approved in 2021 and equal to starting two large coal power plants each week, said the report. To ease the power crunch, coal plants boosted their output, with daily thermal coal consumption hitting a record high in August. It added that for China to truly cut down on carbon emissions, it needs to start phasing out its “vast coal power plant fleet” rather than continue growing it. Besides the plants’ environmental impact, their “politically influential owners … have an interest in protecting their assets,” said the report.
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