붐 앤 버스트 2019 국제 석탄발전소 추이 조사
Summary
The report finds a three-year decline in global coal power growth indicators as of 2018, driven by record reductions in permits in China and India and accelerated closures in the US. However, it highlights a contradictory trend where financial institutions from China, Japan, and South Korea have become the primary funders for overseas coal projects. While global planned capacity has dropped significantly since 2015, the report warns that current operational plants already exceed the IPCC's carbon limits for 1.5°C and 2°C warming targets. It specifically notes China's potential to add up to 290GW of capacity by 2030 if a proposal by the China Electricity Council is adopted.
Key insights
- Global indicators for coal power expansion declined for three consecutive years through 2018, with new construction decreasing by 39% year-on-year and 84% since 2015.
- Planned coal capacity (pre-construction phase) saw a massive global reduction from 1,090GW in 2015 to 339GW in 2018, with the sharpest drops in China (86% decrease) and India (83% decrease).
- The United States led global coal plant closures in 2018, shutting down 17.6GW of capacity, marking its second-highest closure year since 2015 despite the Trump administration's policy of supporting coal.
- China's coal capacity is in a state of flux; while new permits hit a record low of under 5GW in 2018, the China Electricity Council proposed a 2030 capacity cap of 1,300GW, which could allow for an additional 290GW of capacity.
- Financial institutions in China, Japan, and South Korea have emerged as the largest sources of funding for overseas coal power projects, contrasting with over 100 global financial institutions that have restricted coal financing.
- According to IPCC estimates, the carbon emissions from currently operating coal plants—assuming average utilization and lifespan—would make it impossible to limit global warming to 1.5°C or 2°C.
- In India, coal power is facing intense competition from wind and solar energy, which are bidding at less than one-third of the operating costs of coal plants.
- South Korea has stopped issuing new coal plant permits under President Moon Jae-in's administration and plans to increase renewable energy capacity fivefold to 58.5GW by 2030.
Cite the original document
- APA
- 시어러, 크., 매튜-사, 네., 뮐리비르타, 라., 유, 아., & 네이스, 테. (2019). 붐 앤 버스트 2019 국제 석탄발전소 추이 조사. Global Energy Monitor. https://globalenergymonitor.org/sites/default/files/migration/reports/BoomAndBust_2019_SouthKorea_final_11.pdf
- Chicago
- 시어러, 크리스틴, 네하 매튜-사, 라우리 뮐리비르타, 아이춘 유, and 테드 네이스. 붐 앤 버스트 2019 국제 석탄발전소 추이 조사. Global Energy Monitor, 2019. https://globalenergymonitor.org/sites/default/files/migration/reports/BoomAndBust_2019_SouthKorea_final_11.pdf.
- Wikipedia
- {{cite report |last1=시어러 |first1=크리스틴 |last2=매튜-사 |first2=네하 |last3=뮐리비르타 |first3=라우리 |last4=유 |first4=아이춘 |last5=네이스 |first5=테드 |title=붐 앤 버스트 2019 국제 석탄발전소 추이 조사 |publisher=Global Energy Monitor |date=March 2019 |url=https://globalenergymonitor.org/sites/default/files/migration/reports/BoomAndBust_2019_SouthKorea_final_11.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}
- BibTeX
- @techreport{20192019, author = {시어러, 크리스틴 and 매튜-사, 네하 and 뮐리비르타, 라우리 and 유, 아이춘 and 네이스, 테드}, title = {{붐 앤 버스트 2019 국제 석탄발전소 추이 조사}}, institution = {Global Energy Monitor}, year = {2019}, month = mar, url = {https://globalenergymonitor.org/sites/default/files/migration/reports/BoomAndBust_2019_SouthKorea_final_11.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }
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