BÙNG NỔ VÀ THOÁI TRÀO 2020: GIÁM SÁT CÁC NHÀ MÁY ĐIỆN THAN TOÀN CẦU
Summary
The report finds that while global coal capacity saw a net increase of 34.1 GW in 2019, this was driven almost entirely by China. Excluding China, the global coal industry declined for the second consecutive year. The report highlights a significant shift in financing, with Western commercial banks withdrawing direct funding for new coal, while Chinese and Indian state-backed institutions continue to provide critical capital. Regional analysis shows sharp declines in pre-construction capacity in Southeast Asia, Latin America, and Africa, though some countries like Japan and Turkey continue to pursue coal development despite international pressure.
Key insights
- Global coal capacity experienced a net increase of 34.1 GW in 2019, marking the first net increase since 2015. This growth was heavily skewed, with China accounting for nearly two-thirds of the 68.3 GW of newly approved capacity.
- Excluding China, the global coal industry has declined for two consecutive years because the capacity of decommissioned plants (27.2 GW) exceeded the capacity of new plants brought online (24.5 GW).
- Coal plant utilization has reached record lows, with global plants operating at an average of only 51% of their normal operating hours in 2019.
- In the United States, coal plant closures accelerated under President Donald Trump, with an average of 13.7 GW closed per year (2017-2019), which is 67% higher than the 8.2 GW annual average during Barack Obama's tenure (2009-2016).
- Japan has become the leading OECD country for new coal development, with 11.9 GW of plants in development. Additionally, Japanese public financial institutions are funding 24.7 GW of coal capacity abroad.
- Pre-construction coal capacity saw drastic reductions between 2018 and 2019: falling 50% in India, 22% in Southeast Asia, 40% in Africa, and 60% in Latin America.
- Western commercial banks from Australia, Europe, and the US stopped providing direct funding for new coal plants starting construction in 2019, though some still provide financial support to companies that build them.
- China's coal sector is facing severe overcapacity; in 2019, the government shifted 40% of newly licensed capacity (17.9 GW) to emergency backup status to limit its use.
- In India, new coal construction relies heavily on state-backed funding from the Power Finance Corporation (PFC) and Rural Electrification Corporation (REC), as private Indian financial institutions avoid the sector.
- Southeast Asia has seen a sharp decline in new coal starts, with capacity dropping over 85% from 12.8 GW in 2016 to 1.8 GW in 2019, particularly in Indonesia, Vietnam, and the Philippines.
Cite the original document
- APA
- Shearer, C., Myllyvirta, L., Yu, A., Aitken, G., Mathew-Shah, N., Dallos, G., & Nace, T. (2020). BÙNG NỔ VÀ THOÁI TRÀO 2020: GIÁM SÁT CÁC NHÀ MÁY ĐIỆN THAN TOÀN CẦU. Global Energy Monitor. https://globalenergymonitor.org/sites/default/files/migration/reports/BoomBust_Vietnamese_11.pdf
- Chicago
- Shearer, Christine, Lauri Myllyvirta, Aiqun Yu, Greig Aitken, Neha Mathew-Shah, Gyorgy Dallos, and Ted Nace. BÙNG NỔ VÀ THOÁI TRÀO 2020: GIÁM SÁT CÁC NHÀ MÁY ĐIỆN THAN TOÀN CẦU. Global Energy Monitor, 2020. https://globalenergymonitor.org/sites/default/files/migration/reports/BoomBust_Vietnamese_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=BÙNG NỔ VÀ THOÁI TRÀO 2020: GIÁM SÁT CÁC NHÀ MÁY ĐIỆN THAN TOÀN CẦU |publisher=Global Energy Monitor |date=March 2020 |url=https://globalenergymonitor.org/sites/default/files/migration/reports/BoomBust_Vietnamese_11.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}
- BibTeX
- @techreport{shearer2020bng, author = {Shearer, Christine and Myllyvirta, Lauri and Yu, Aiqun and Aitken, Greig and Mathew-Shah, Neha and Dallos, Gyorgy and Nace, Ted}, title = {{BÙNG NỔ VÀ THOÁI TRÀO 2020: GIÁM SÁT CÁC NHÀ MÁY ĐIỆN THAN TOÀN CẦU}}, institution = {Global Energy Monitor}, year = {2020}, month = mar, url = {https://globalenergymonitor.org/sites/default/files/migration/reports/BoomBust_Vietnamese_11.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }
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