China accounted for more than two thirds of the world's proposed new coal-fired power by the end of 2022, with 366 gigawatts (GW) of additional capacity either being planned or under construction, research showed on Thursday.
U.N. Secretary General Antonio Guterres has urged countries to stop building new plants and phase out coal consumption completely by 2040 in order to slash climate-warming carbon emissions and keep global temperature rises within 1.5 degrees Celsius above pre-industrial levels.
"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.
Retirements slowed from a year earlier as countries returned to coal to cope with gas supply disruptions arising from Russia's invasion of Ukraine.
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