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The report analyzes the global state of coal power, noting that while many OECD and non-OECD countries are canceling new projects and setting closure dates, China continues to expand its capacity. It highlights that 750 coal plants (550GW) now have effective closure dates following COP26, but global capacity increased by 18.2GW in 2021 due to Chinese additions. The document argues that 'clean coal' technologies like CCS are expensive and unreliable distractions from a full transition to renewables. Specifically for South Korea, it criticizes the 2050 phase-out goal as lagging behind international standards and notes the continued construction of new plants despite public commitments.

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  • Global coal power capacity increased by 18.2GW in 2021, primarily driven by China, which accounted for 56% of the 45GW of new capacity commissioned that year.
  • Following COP26, the number of coal-fired power plants with effective closure dates nearly doubled to 750 plants, totaling 550GW.
  • China's coal expansion is accelerating, with 33GW of new plants starting construction in 2021, the highest level since 2016 and nearly three times the total for the rest of the world.
  • Public financing for new overseas coal projects has effectively ceased as G20 members, including Japan, South Korea, and China, committed to stopping such funding.
  • Carbon Capture and Storage (CCS) and other 'clean coal' technologies are characterized as high-cost, unreliable, and a hindrance to the urgent transition to renewable energy.

Cite the original document

APA
Global Energy Monitor (2022). 석탄의 경제 대전환. https://globalenergymonitor.org/sites/default/files/migration/reports/BoomAndBustCoalPlants_2022_Korean_11.pdf
Chicago
Global Energy Monitor. 석탄의 경제 대전환. 2022. https://globalenergymonitor.org/sites/default/files/migration/reports/BoomAndBustCoalPlants_2022_Korean_11.pdf.
Wikipedia
{{cite report |author=Global Energy Monitor |title=석탄의 경제 대전환 |date=April 2022 |url=https://globalenergymonitor.org/sites/default/files/migration/reports/BoomAndBustCoalPlants_2022_Korean_11.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}
BibTeX
@techreport{globalenergymonitor2022, author = {{Global Energy Monitor}}, title = {{석탄의 경제 대전환}}, institution = {Global Energy Monitor}, year = {2022}, month = apr, url = {https://globalenergymonitor.org/sites/default/files/migration/reports/BoomAndBustCoalPlants_2022_Korean_11.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }

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