Global Coal Production Hits Record High Despite Climate Crisis
The expansion of coal power continues, with few countries having concrete plans to phase it out.
- Coal-fired power generation has reached an all-time high, with a total installed capacity of 2,126 gigawatts globally, marking an 11% increase since 2015.
- China is leading the surge in new coal power plants, even as it simultaneously invests heavily in renewable energy sources.
- Despite commitments from over 130 countries to phase out coal, less than 5% of coal companies have set a concrete exit date.
- The International Energy Agency and the UN stress that industrial nations must cease coal use soon, with a global phase-out needed by 2040 to meet climate goals.
- The 2015 Paris Agreement aims to keep global warming below 2 degrees Celsius, ideally 1.5 degrees, to mitigate severe climate impacts.