Global coal plant capacity dips in 2021
The HinduGlobal coal-plant capacity under development declined in 2021, according to a report by the Global Energy Monitor, which conducts an annual survey of coal power capacity under development or deployment. After rising in 2020 for the first time since 2015, total coal power capacity under development declined 13% last year, from 525 gigawatts to 457 GW, a record low. The report comes on the back of an influential report earlier this month from the Intergovernmental Panel on Climate Change, which showed there was no carbon budget left to accommodate new coal plants, and that coal use needed to fall by 75% by 2030 to limit global temperature rise below 1.5 degrees Celsius, in line with the Paris Agreement. Watershed year 2021 was a significant year in the continued global shift away from new coal power, with multiple countries making significant public commitments to pivot their energy futures and swathes of pre-construction coal capacity cancelled.