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The report finds that while many countries are reducing coal capacity, global operational capacity grew by 2% in 2023 to 2,130 GW, driven largely by China. While new construction reached a historic low outside China, it hit an eight-year high within China. Only 15% of global operational capacity has a retirement commitment aligned with the 1.5°C goal. In Latin America, capacity is gradually decreasing, though some countries like Colombia and Mexico lack concrete phase-out plans, and Brazil has seen some retirement dates postponed.

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  • Global operational coal capacity increased by 11% since 2015, reaching an all-time high in 2023. The global portfolio grew by 48.4 GW (2%) in 2023 to a total of 2,130 GW, with China accounting for two-thirds of these additions.
  • There is a stark divergence in new construction trends: outside China, new works hit a historic annual low since 2015, whereas in China, they increased for the fourth consecutive year, reaching an eight-year peak.
  • Global phase-out efforts are insufficient to meet the Paris Agreement's 1.5°C target; only 15% (317 GW) of current operational capacity has an aligned retirement commitment. To phase out operational capacity by 2040, an average of 126 GW must be retired annually.
  • The G20 countries hold the vast majority of the world's coal infrastructure, representing 92% of operational capacity (1,968 GW) and 88% of pre-construction capacity (336 GW).
  • In Latin America, coal capacity has declined since 2020, with 1.4 GW in development and construction by late 2023 (an 86% drop from 10.2 GW in 2015). However, progress is uneven: Argentina has the region's only unit under construction (Río Turbio), and Brazil has seen some retirement dates extended, such as the Jorge Lacerda plant's extension to 2040.
  • Specific national trends in Latin America show Chile has closed nine plants since 2019, while Colombia joined the Powering Past Coal Alliance in September 2023 but faces legal hurdles, such as the annulment of a decree to decarbonize the Termoguajira plant.

Cite the original document

APA
Global Energy Monitor (2024). Auge y caída del carbón 2024. https://globalenergymonitor.org/sites/default/files/migration/reports/Boom-Bust-Coal-2024-Spanish_11.pdf
Chicago
Global Energy Monitor. Auge y caída del carbón 2024. 2024. https://globalenergymonitor.org/sites/default/files/migration/reports/Boom-Bust-Coal-2024-Spanish_11.pdf.
Wikipedia
{{cite report |author=Global Energy Monitor |title=Auge y caída del carbón 2024 |date=April 2024 |url=https://globalenergymonitor.org/sites/default/files/migration/reports/Boom-Bust-Coal-2024-Spanish_11.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}
BibTeX
@techreport{globalenergymonitor2024auge, author = {{Global Energy Monitor}}, title = {{Auge y caída del carbón 2024}}, institution = {Global Energy Monitor}, year = {2024}, month = apr, url = {https://globalenergymonitor.org/sites/default/files/migration/reports/Boom-Bust-Coal-2024-Spanish_11.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }

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