Summary
In 2024, global coal power saw a contradiction: while new completions reached a 20-year low of 44 GW and the EU increased retirements fourfold, China and India saw record-breaking activity. China's new coal starts reached a ten-year high of 94 GW, driven by approval surges in 2022-2023 and supportive policies like capacity electricity tariffs and long-term power purchase agreements. Conversely, OECD nations have significantly reduced planned projects, though their retirement pace remains too slow to meet Paris Agreement goals.
Key insights
- Global coal power completions in 2024 reached their lowest level in 20 years at 44 GW, significantly below the 2004-2024 annual average of 72 GW. However, because global retirements were only 25.2 GW, the world saw a net increase of 18.8 GW in coal capacity.
- China experienced a surge in coal power, with new starts in 2024 reaching 94 GW, the highest since 2015. This trend is attributed to an approval wave in 2022 and 2023 where over 200 GW of projects were approved. This growth is supported by policies such as long-term power purchase agreements (PPAs) requiring 80% of expected annual generation and a capacity electricity price mechanism to cover fixed operating costs.
- India's planned coal capacity rose to a record 38 GW in 2024. Together, China and India account for 107 GW of the world's 116 GW of planned coal capacity, representing 92% of the global total.
- The European Union (EU 27) saw a fourfold increase in coal retirements, rising from 2.7 GW in 2023 to 11 GW in 2024, with Germany leading at 6.7 GW. The UK became the sixth country to completely phase out coal since the 2015 Paris Agreement by closing its last plant.
- OECD member countries have drastically reduced planned coal projects from 142 in 2015 to just 5 currently. However, their retirement rate is deemed insufficient; they retired 19 GW in 2024, but would need to retire 70 GW annually until 2030 to align with Paris Agreement goals.
Cite the original document
- APA
- Global Energy Monitor (2025). 繁荣与衰落2025. https://globalenergymonitor.org/sites/default/files/migration/reports/Boom-and-Bust-Coal-2025-Chinese_3.pdf
- Chicago
- Global Energy Monitor. 繁荣与衰落2025. 2025. https://globalenergymonitor.org/sites/default/files/migration/reports/Boom-and-Bust-Coal-2025-Chinese_3.pdf.
- Wikipedia
- {{cite report |author=Global Energy Monitor |title=繁荣与衰落2025 |date=April 2025 |url=https://globalenergymonitor.org/sites/default/files/migration/reports/Boom-and-Bust-Coal-2025-Chinese_3.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}
- BibTeX
- @techreport{globalenergymonitor20252025, author = {{Global Energy Monitor}}, title = {{繁荣与衰落2025}}, institution = {Global Energy Monitor}, year = {2025}, month = apr, url = {https://globalenergymonitor.org/sites/default/files/migration/reports/Boom-and-Bust-Coal-2025-Chinese_3.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }
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