At the same time, we’ve seen that it’s slow and difficult to change the status quo, no matter how compelling the economics of coal power are.”Global coal-fired power capacity Currently, the world’s total capacity for coal-based power is 2,068 gigawatts (GW). Only a small proportion of their coal power fleet — about 6% — is expected to be retired in line with Paris goals. On top of this, experts are concerned about new coal capacity that’s set to come down the pipeline in the coming years. Roberts pointed to how the increasing uncompetitiveness of coal is already driving coal power plants retirements nationwide. “Before China, with by far the world’s largest fleet of coal power plants, announces firm phase-out plans, we won’t be on track,” said Myllyvirta.

Source: The Guardian December 23, 2021 11:16 UTC