Summary
The report 'Boom and Bust Coal 2026' analyzes global coal power trends in 2025, highlighting a growing divergence between increasing installed capacity and decreasing actual generation. While China and India continue to expand capacity for energy security, global coal development is concentrating in fewer countries, and several nations, including South Korea, have committed to phase-outs.
Key insights
- In 2025, global coal power capacity increased by 3.5% while actual coal generation decreased by 0.6%, indicating that new capacity is increasingly serving as 'system insurance' for crises rather than for daily operation.
- China and India saw the largest decreases in coal generation despite high completion rates; China's capacity grew by 6% while generation fell by 1.2%, and India's capacity grew by 3.8% while generation fell by 2.9%.
- China's new and resumed coal power projects reached a record high of 161.7 GW in 2025, with total coal capacity under development exceeding 500 GW.
- India proposed 27.9 GW of new and resumed coal plants in 2025, with a goal to add 100 GW of new coal capacity over the next seven years, even as non-fossil capacity exceeded half of its total installed capacity in 2025.
- The number of countries proposing or constructing new coal plants decreased from 38 in 2024 to 32 in 2025, with only 5% of global construction capacity located outside China and India.
- South Korea has committed to a phase-out of coal power by 2040, marking a shift away from costly reduction strategies like ammonia co-firing. As of 2025, it has no coal capacity under development and closed 0.5 GW of capacity in 2025.
- Japan continues to operate one of the largest coal fleets in the OECD (53 GW) without a binding national phase-out schedule, focusing instead on gradual reductions through technology like CCS and ammonia co-firing.
- Approximately 70% of coal facilities scheduled for closure in 2025 were not actually closed, including 69% of planned closures in the EU and 59% in the US.
Cite the original document
- APA
- Global Energy Monitor (2026). 전 세계 석탄발전소 추이 조사. https://globalenergymonitor.org/sites/default/files/2026-05/Boom%20and%20Bust%202026_Korean%20layout.pdf
- Chicago
- Global Energy Monitor. 전 세계 석탄발전소 추이 조사. 2026. https://globalenergymonitor.org/sites/default/files/2026-05/Boom%20and%20Bust%202026_Korean%20layout.pdf.
- Wikipedia
- {{cite report |author=Global Energy Monitor |title=전 세계 석탄발전소 추이 조사 |date=May 2026 |url=https://globalenergymonitor.org/sites/default/files/2026-05/Boom%20and%20Bust%202026_Korean%20layout.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}
- BibTeX
- @techreport{globalenergymonitor2026, author = {{Global Energy Monitor}}, title = {{전 세계 석탄발전소 추이 조사}}, institution = {Global Energy Monitor}, year = {2026}, month = may, url = {https://globalenergymonitor.org/sites/default/files/2026-05/Boom%20and%20Bust%202026_Korean%20layout.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }
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