Summary
The report finds that while global coal capacity grew by 34.1 GW in 2019, this was primarily driven by China, as capacity in the rest of the world continued to shrink. Global coal plant utilization hit a record low of 51% in 2019. The report highlights a shift in financing, with Western commercial banks largely exiting project finance for coal, while Japanese and Chinese public finance continue to support new developments. Significant retirements occurred in the US and EU, though some OECD nations like Japan and South Korea continue to develop new capacity.
Key insights
- Global coal-fired power plant capacity saw a net increase of 34.1 GW in 2019, marking the first net increase since 2015. This growth was heavily concentrated in China, which accounted for 64% (43.8 GW) of the 68.3 GW of new capacity commissioned globally.
- Excluding China, global coal capacity has shrunk for two consecutive years, as retirements (27.2 GW) exceeded new commissions (24.5 GW).
- The United States and European Union saw significant retirements in 2019. The US retired 16.5 GW, the second-highest level on record, while the EU's retirements ranked fourth highest historically.
- Japan has become the largest driver of new coal plant construction among OECD members, with 11.9 GW under development domestically and 24.7 GW supported by public finance overseas.
- There is a notable shift in financing: no commercial banks from Australia, Europe, or the US provided direct project financing for coal plants starting construction in 2019. However, Japanese commercial banks and Chinese public finance continue to provide support.
- China's coal capacity continues to increase due to previous over-permitting between 2014 and 2016, leading to overcapacity. Consequently, 40% of coal plants commissioned in 2019 were downgraded to emergency backup power.
- Capacity in the pre-construction phase has declined globally, falling from 1,152.5 GW in 2015 to 299.6 GW in 2019, an 82% decrease.
Cite the original document
- APA
- Shearer, C., Myllyvirta, L., Yu, A., Aitken, G., Mathew-Shah, N., Dallos, G., & Nace, T. (2020). 繁荣与衰落. Global Energy Monitor. https://globalenergymonitor.org/sites/default/files/migration/reports/BoomAndBust_2020_Chinese-1_11.pdf
- Chicago
- Shearer, Christine, Lauri Myllyvirta, Aiqun Yu, Greig Aitken, Neha Mathew-Shah, Gyorgy Dallos, and Ted Nace. 繁荣与衰落. Global Energy Monitor, 2020. https://globalenergymonitor.org/sites/default/files/migration/reports/BoomAndBust_2020_Chinese-1_11.pdf.
- Wikipedia
- {{cite report |last1=Shearer |first1=Christine |last2=Myllyvirta |first2=Lauri |last3=Yu |first3=Aiqun |last4=Aitken |first4=Greig |last5=Mathew-Shah |first5=Neha |last6=Dallos |first6=Gyorgy |last7=Nace |first7=Ted |title=繁荣与衰落 |publisher=Global Energy Monitor |date=March 2020 |url=https://globalenergymonitor.org/sites/default/files/migration/reports/BoomAndBust_2020_Chinese-1_11.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}
- BibTeX
- @techreport{shearer2020, author = {Shearer, Christine and Myllyvirta, Lauri and Yu, Aiqun and Aitken, Greig and Mathew-Shah, Neha and Dallos, Gyorgy and Nace, Ted}, title = {{繁荣与衰落}}, institution = {Global Energy Monitor}, year = {2020}, month = mar, url = {https://globalenergymonitor.org/sites/default/files/migration/reports/BoomAndBust_2020_Chinese-1_11.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }
Full text
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