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The report finds that most indicators of coal power expansion declined for three consecutive years as of 2018, driven by financial restrictions and phase-out policies. While China and India saw record lows in new permit applications, China remains a significant exception due to the secret resumption of previously shelved projects and a proposal by the China Electricity Council to raise the 2030 capacity cap to 1,300 GW. Globally, coal plant closures reached near-record levels, led by the United States. The report emphasizes that current operational coal plants already exceed the emissions limits required to meet IPCC targets of limiting warming to 1.5°C or 2°C.

The report finds that most indicators of global coal power growth declined in 2018, with significant drops in new construction starts and permits in China and India. While global retirements reached near-record levels, led by the US, China remains a major exception by resuming construction on previously shelved plants and proposing a high coal power cap for 2030. The document argues that current operating coal plants already exceed the limits necessary to meet IPCC global warming targets of 1.5°C or 2°C.

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.

The 2019 report by Global Energy Monitor, Sierra Club, and Greenpeace indicates a three-year decline in major growth indicators for coal-fired power generation. While global project pipelines and new licenses in China and India have dropped significantly, China remains a critical factor due to its financing of international projects and potential policy shifts regarding its domestic capacity ceiling. The United States led the world in coal plant retirements in 2018, despite political efforts to maintain aging plants. The report emphasizes that current operational coal capacity exceeds the limits required to meet IPCC climate goals of 1.5°C or 2°C warming.

The report finds a general global decline in coal power growth, with significant drops in approvals and planning since 2015. While the US leads in record retirements, China shows a contradictory trend: despite a drop in new approvals, it has resumed construction on previously delayed projects and proposed increasing its national coal capacity ceiling to 1,300 GW by 2030. India is also seeing a decline in coal approvals as solar and wind energy become more cost-competitive. The report emphasizes that current coal capacity exceeds IPCC limits for 1.5°C and 2°C warming targets.

In 2025, the BRICS nations experienced their largest power capacity expansion on record, characterized by a 'split transition' where both fossil fuels and renewables reached historic highs. While 125 GW of new coal, oil, and gas capacity was added, solar and wind additions totaled 497 GW. This growth was heavily concentrated in China and India, where record renewable deployment began to reduce coal-fired generation despite continued coal capacity expansion. In contrast, other BRICS members like Russia and Iran remain overwhelmingly fossil-based, while Brazil, South Africa, Egypt, and the UAE show varying degrees of renewable growth and fossil fuel reliance.

China's wind and solar megabases are increasingly relying on local industrial consumption and standalone battery storage to mitigate transmission bottlenecks and curtailment. However, the integration of renewables into coal-to-chemicals projects, such as those by Baofeng Energy, risks supplementing rather than replacing coal. Furthermore, the 15th Five-Year Plan (2026–2030) is characterized as conservative regarding transmission capacity and fossil fuel phase-out, potentially allowing coal-fired generation to rebound if demand growth exceeds renewable deployment.

South Korea aims to triple its renewable energy capacity to 100GW by 2030 to mitigate the economic impact of volatile fossil fuel prices. Since 2010, wind and solar have saved the country USD 25 billion in LNG import costs. While the country possesses strong industrial capabilities in solar panels, batteries, and transformers, it faces significant land constraints and grid bottlenecks, particularly in transmitting power from Honam to Seoul. The government is prioritizing a high-voltage direct current energy highway and digital grid integration to support this transition.

Colombia is planning at least nine major LNG import terminal projects and expansions between 2026 and 2030, which could create a capacity of 2,500 million cubic feet per day (MMcf/d). This capacity is more than double the 1,000 MMcf/d gas demand projected by the Unidad de Planeación Minero Energética (UPME) for 2030. The report argues that overbuilding LNG infrastructure risks creating stranded assets, increasing dependence on volatile global markets, and undermining the country's roadmap to reduce fossil fuel dependence and emissions by 90% by 2050.

This document is a Vietnamese translation of excerpts from the 'Boom & Burst Coal 2024' report by Global Energy Monitor and its partners. It analyzes global coal power trends in 2023, highlighting a dichotomy where new construction has hit a 9-year low outside China but an 8-year high within China. The report provides a detailed assessment of Vietnam's energy transition, focusing on the Power Development Plan VIII (PDP8) and the Just Energy Transition Partnership (JETP), while noting that global coal capacity reached an all-time high in 2023.

China is leading global utility-scale solar and wind expansion, with a massive pipeline of prospective capacity concentrated in six northwestern and northern provinces. However, the 'megabase' strategy faces significant hurdles, including rising curtailment and a transmission network that remains heavily reliant on coal. While the growth of green hydrogen and standalone battery storage offers a path toward local industrial decarbonization, there is a risk that these renewables will merely supplement rather than replace coal-based industries. The 15th Five-Year Plan (2026–2030) continues renewable growth but maintains a role for fossil fuels, suggesting that transmission and market flexibility remain the primary bottlenecks for a full transition.

The report identifies a widening gap between coal capacity and generation, particularly in China and India, where new plants are built as 'system insurance' while renewables displace coal in actual output. Globally, the coal pipeline is narrowing geographically, with 95% of construction concentrated in China and India. However, the report notes a significant slowdown in retirements in the U.S. and EU due to policy interventions and energy security concerns. Regional analyses highlight Indonesia's growth in captive coal for industrial processing, the U.S.'s political push to sustain aging plants, and the EU's structural shift toward a coal-free system. The document also examines the impact of the EU's Carbon Border Adjustment Mechanism on the Western Balkans and the challenges of rebuilding Ukraine's energy system.

The document asserts that wood biomass power in Japan and South Korea is not carbon neutral and often emits more CO2 than coal. It criticizes the use of subsidies—such as Japan's FIT system and South Korea's REC system—to support these facilities, arguing that such policies prolong the operation of coal plants and divert investment from wind and solar energy. The report highlights safety risks, including fires and explosions, and notes that the carbon debt of wood biomass can take 44 to 104 years to repay.

The document examines the transition from natural gas to hydrogen in gas turbines, detailing the physical differences between the fuels and the resulting engineering requirements. It highlights that while low-percentage hydrogen blends (~20% or less) can often be used with minimal modifications, higher blends require significant changes to combustion systems to manage NOx emissions and prevent flashback. The paper reviews the current capabilities and development roadmaps of major OEMs, including Ansaldo Energia, General Electric, Mitsubishi Hitachi Power Systems, and Siemens, most of whom target 100% hydrogen capability by 2030.

China leads the world in planned utility-scale solar and wind capacity, with over 500GW already under construction. However, the transition has shifted from a 'capacity race' to a 'system integration' phase, where transmission bottlenecks and a continued reliance on coal-fired power for grid stability lead to increasing curtailment, particularly in the northwest and northern regions. While green hydrogen and local consumption offer paths for industrial decarbonization, there is a risk that these technologies may be used to justify the continued expansion of coal-based chemical industries.

The report analyzes India's steel industry, which accounts for 12% of the country's CO2 emissions, and argues that transitioning to green hydrogen-based steelmaking is the most viable path to net zero by 2070. It identifies significant barriers, including the high cost of green hydrogen, the lack of a legal definition for 'green steel', and the young age of existing blast furnace fleets. The authors recommend government intervention through carbon pricing, mandatory green steel procurement in public projects, and the implementation of green hydrogen purchase obligations to make low-carbon technologies commercially competitive.