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This report, published by Global Energy Monitor and several partner organizations, tracks the global development of coal-fired power plants as of April 2023. It analyzes the tension between the global trend toward coal phase-out and a significant surge in coal plant approvals and construction in China, while evaluating the progress of other major economies and the role of private finance in the energy transition.

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  • While global coal capacity is trending toward a phase-out, progress is insufficient to meet Paris Agreement goals. Approximately one-third of global operating coal capacity (580 GW) has set retirement dates, and only 5% of global capacity falls outside national closure commitments. However, to achieve a full phase-out by 2040, an average of 117 GW must be retired annually, which is 4.5 times the retirement rate of 2022.
  • China is driving a significant increase in global coal capacity, contrasting with a decline in the rest of the world. In 2022, China's new coal capacity under construction grew by 38% (from 266 GW to 366 GW), while capacity in the rest of the world fell by 20% (from 214 GW to 172 GW). China now accounts for 68% of global capacity under construction. In 2022, China approved approximately 100 GW of new coal projects, the highest number of approvals since 2015.
  • Major economies show mixed progress: the US led the world in retirements in 2022 with 13.5 GW, while the EU's retirement pace slowed to 2.2 GW due to the gas crisis and the invasion of Ukraine. The G7 holds 15% of operating coal capacity (323 GW) and has committed to phasing out unabated coal by 2035. Meanwhile, India's future remains uncertain, with 28.5 GW of proposed capacity in 2022, an increase of 2.6 GW over the previous year.
  • Private financial support for coal remains a challenge despite some policy updates. In 2022, 99 private financial institutions updated their coal financing policies, but only 12 were strong enough to stop financial support for new coal mines or plants or set a deadline for ending all coal-related financing.

Cite the original document

APA
Global Energy Monitor (2023). 繁荣与衰落. https://globalenergymonitor.org/sites/default/files/migration/reports/Boom-Bust-Coal-2023-Chinese_11.pdf
Chicago
Global Energy Monitor. 繁荣与衰落. 2023. https://globalenergymonitor.org/sites/default/files/migration/reports/Boom-Bust-Coal-2023-Chinese_11.pdf.
Wikipedia
{{cite report |author=Global Energy Monitor |title=繁荣与衰落 |date=April 2023 |url=https://globalenergymonitor.org/sites/default/files/migration/reports/Boom-Bust-Coal-2023-Chinese_11.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}
BibTeX
@techreport{globalenergymonitor2023, author = {{Global Energy Monitor}}, title = {{繁荣与衰落}}, institution = {Global Energy Monitor}, year = {2023}, month = apr, url = {https://globalenergymonitor.org/sites/default/files/migration/reports/Boom-Bust-Coal-2023-Chinese_11.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }

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