Too many new coal-fired plants planned for 1.5C climate goal, report concludes

theguardian.com:

The number of coal-fired power plants under development around the world fell last year, but far too much coal is still being burned and too many new coal-fired power plants are planned for the world to stay within safe temperature limits.

Coal use appeared to be in long-term decline before the Covid-19 pandemic, but lockdowns around the world and economic upheaval drove an increase in new coal projects in 2020, particularly in China.

Last year, the total coal power capacity in development fell sharply again, by about 13%, from 525GW to 457GW, a record low for new plants under development, according to a report from Global Energy Monitor published on Tuesday. The number of countries planning new plants also fell, from 41 at the beginning of 2021 to 34 countries.

But these encouraging signs were outweighed by a slowdown in older coal-fired power stations being taken out of service. About 25GW of capacity was taken out – roughly equal to the amount of new capacity commissioned in China – and the amount of electricity generated from coal rose by 9% in 2021 to a record high, more than rebounding from a 4% fall in 2020 when Covid first struck.

The authors of the report concluded that “coal’s last gasp is not yet in sight”, despite countries agreeing at the Cop26 UN climate summit last November to a “phase down” of coal. Last year, the International Energy Agency warned that no new exploration of fossil fuels of any kind could take place if the world was to limit global heating to 1.5C above pre-industrial levels.

The continuing use of coal comes despite ever starker warnings from scientists in the latest assessment by the Intergovernmental Panel on Climate Change (IPCC), which concluded that the world would far exceed the 1.5C