BÙNG NỔ VÀ THOÁI TRÀO 2021

The report highlights a global divergence in coal power: while most of the world saw record closures and project cancellations, China experienced a significant boom in new capacity, offsetting global declines. In 2020, China's new coal capacity reached 38.4 GW, accounting for 76% of the global total. Conversely, the US and EU27 led in closures, with 11.3 GW and 10.1 GW retired respectively. In South and Southeast Asia, countries like Vietnam, Indonesia, the Philippines, and Bangladesh announced plans to cut up to 62 GW of planned coal capacity due to funding difficulties and the falling cost of renewables. The report also notes that global coal capacity is far exceeding the levels required to meet the IPCC's 1.5°C warming limit, with a projected 2,400 GW by 2030 compared to the required 1,100 GW.

• China's rapid expansion of coal power in 2020 offset closures in the rest of the world, leading to the first increase in total global new coal capacity since 2015. China added 38.4 GW of new capacity, representing 76% of the global total of 50.3 GW.
• Global coal plant closures reached a record high of 37.8 GW in 2020, with the United States (11.3 GW) and the EU27 (10.1 GW) being the primary contributors.
• In South and Southeast Asia, Indonesia, Bangladesh, the Philippines, and Vietnam planned to cancel projects totaling 62 GW, reducing their combined pre-construction pipeline from 125.5 GW in 2015 to approximately 25.2 GW.
• The United States saw record coal retirements under President Donald Trump, with 52.4 GW closed during his term compared to 48.9 GW during Barack Obama's second term. President Joe Biden has committed to a carbon-free power sector by 2035, though current plans only account for closing one-third of operating capacity (76.6 GW of 233.6 GW) by that date.
• India's coal expansion has slowed significantly, with only 0.7 GW net increase in 2020. Proposed new capacity dropped nearly 90% from 238.2 GW in 2015 to 29.3 GW in 2020, driven by the competitiveness of solar and wind power.
• Global coal capacity projections for 2030 are approximately 2,400 GW, which is significantly higher than the 1,100 GW limit required by the IPCC to maintain a 1.5°C temperature increase. To meet this goal, 1,350 GW of capacity must be cancelled or closed.
• Financial institutions are increasingly restricting coal funding, with 73 new restrictions reported in 2020. However, significant funding still flows through corporate loans and guarantees, particularly from Chinese and Japanese banks.
• Vietnam's coal capacity grew rapidly since 2015, but the government is now shifting toward renewables. The draft Power Development Plan 8 (PDP8) proposes reducing coal capacity to 37 GW by 2030, a 51% decrease from the 75 GW planned in PDP7.

APA

Global Energy Monitor (2021). BÙNG NỔ VÀ THOÁI TRÀO 2021. https://globalenergymonitor.org/sites/default/files/migration/reports/BoomAndBust_2021_VN_final_11.pdf

Chicago

Global Energy Monitor. BÙNG NỔ VÀ THOÁI TRÀO 2021. 2021. https://globalenergymonitor.org/sites/default/files/migration/reports/BoomAndBust_2021_VN_final_11.pdf.

Wikipedia

{{cite report |author=Global Energy Monitor |title=BÙNG NỔ VÀ THOÁI TRÀO 2021 |date=April 2021 |url=https://globalenergymonitor.org/sites/default/files/migration/reports/BoomAndBust_2021_VN_final_11.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{globalenergymonitor2021bng, author = {{Global Energy Monitor}}, title = {{BÙNG NỔ VÀ THOÁI TRÀO 2021}}, institution = {Global Energy Monitor}, year = {2021}, month = apr, url = {https://globalenergymonitor.org/sites/default/files/migration/reports/BoomAndBust_2021_VN_final_11.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }