Connect with us

Hi, what are you looking for?

CleanTechnica
The development of coal-fired power plants fell significantly for the second year in a row in 2017, with new construction down by 73% between 2015 and 2017, thanks in large part to tighter restrictions in China and a lack of private financing in India. 

Coal

Coal Plant Development Continues To Drop For Second Year Straight

The development of coal-fired power plants fell significantly for the second year in a row in 2017, with new construction down by 73% between 2015 and 2017, thanks in large part to tighter restrictions in China and a lack of private financing in India. 

The development of coal-fired power plants fell significantly for the second year in a row in 2017, with new construction down by 73% between 2015 and 2017, thanks in large part to tighter restrictions in China and a lack of private financing in India.

In the fourth annual survey of the global coal plant pipeline — Boom and Bust 2018: Tracking The Global Coal Plant Pipeline — Greenpeace, the Sierra Club, and Coal Swarm found that major declines in development and construction in both China and India led to a 28% year-over-year decline in newly completed coal plants — which was 41% over the past two years — and a 29% year-over-year decline in construction starts — out to a 73% decline over the past two years — and finally a 22% drop in plants in the permitting and planning stage — equaling a 59% drop over the past two years. The report of 2017 coal activities only further strengthens the importance of the 2016 report which, at the time, was thought by many to possibly be an anomaly. This is no anomaly, however, but sign of a much larger trend that speaks dire warnings to the coal industry.

“The decline was due primarily to central government restrictions in China and declining financial and policy support in India, although capacity under development in the rest of the world also declined,” the authors of the report concluded. All in all, global coal retirements in 2017 exceeded a mammoth 25 gigawatts (GW) and over the past three years a total of 97 GW was retired — led by the United States with 45 GW, China with 16 GW, and the UK with 8 GW as part of its larger effort to retire coal entirely.

Maybe most importantly, based on the two decades long trend of coal retirements, the authors of the report predict that the global fleet of coal-fired power plants will begin to decline in 2022.

“From a climate and health perspective, the trend toward a declining coal power fleet is encouraging, but not happening fast enough,” said Ted Nace, director of CoalSwarm. “Fortunately, mass production is cutting solar and wind costs much faster than expected, and both financial markets and power planners worldwide are taking notice.”

“It’s no surprise that the use of coal is declining worldwide,” added Neha Mathew-Shah, campaign representative for the Sierra Club’s International Climate and Energy Campaign. “This has been an accelerating trend over the past few years, and as the cost of clean energy solutions like wind and solar continue to outpace outdated fossil fuels, it’s only a matter of time before coal is a thing of the past.”

But while it may be simply “a matter of time”, the authors of the report are quick to note that “the current pace of progress must be accelerated” with the need to cancel coal power projects already under development and hasten the retirement of the ageing coal fleets across Europe and the United States.

“Falling coal-fired power plant construction and accelerating retirements are excellent news for public health – pollution from coal-fired power plants is responsible for hundreds of thousands of premature deaths every year globally,” said Lauri Myllyvirta, senior global campaigner at Greenpeace. “Despite slowdown in construction, overcapacity situation continued to worsen especially in China, India and Indonesia, as new plants continue to come online.”


Appreciate CleanTechnica’s originality? Consider becoming a CleanTechnica Member, Supporter, Technician, or Ambassador — or a patron on Patreon.

 
 
Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.

Written By

I'm a Christian, a nerd, a geek, and I believe that we're pretty quickly directing planet-Earth into hell in a handbasket! I also write for Fantasy Book Review (.co.uk), and can be found writing articles for a variety of other sites. Check me out at about.me for more.

Comments

#1 most loved electric vehicle, solar energy, and battery news & analysis site in the world.

 

Support our work today!

Advertisement

Power CleanTechnica: $3/Month

Tesla News Solar News EV News Data Reports

Advertisement

EV Sales Charts, Graphs, & Stats

Advertisement

Our Electric Car Driver Report

30 Electric Car Benefits

Tesla Model 3 Video

Renewable Energy 101 In Depth

solar power facts

Tesla News

EV Reviews

Home Efficiency

You May Also Like

Clean Power

A massive treasure chest of offshore wind energy lies between New York and New Jersey, and it is finally available for the taking.

Cars

Volvo Cars and Volkswagen are the only major carmakers ready to switch to electric in line with Europe’s net zero climate target, according to...

Cars

Over the years, Elon Musk has disrupted entrenched players in the aerospace, energy, and automotive industries. He’s also had a hand in trying to...

Climate Change

Originally published on NRDC Expert Blog. By Alison Chase We need our ocean, but it is under tremendous strain. Reading through the 2021 National Ocean Month proclamation, it’s...

Copyright © 2021 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.