Dhaka, Wednesday, October 24, 2018 07:37 AM   
     
Home Energy BD Energy World Green Energy Opinion Interview Environment Business Others Archive
LATEST >
বাংলা সংস্করণ
   
Global coal power plans fall in 2016, led by China, India

The amount of coal-fired power generation under development worldwide has shrunk by 14 percent this year, driven down by China as it struggles with oversupply and tries to promote cleaner energy, a study showed on Wednesday.

India also introduced policies in the first half of 2016 curbing plans for coal-fired plants, partly due to under-utilization of existing plants, according to a Global Coal Plant Tracker run by non-government and anti-coal group CoalSwarm.

Overall, the amount of coal-fired generating capacity in pre-construction planning fell 14 percent to an estimated 932 gigawatts (GW) in July from 1,090 GW at the start of the year, it said.

The overall decline, of 158 GW, was almost equal to the coal generating capacity of the European Union, at 162 GW, it said.

"It`s a combination of environmental concerns, including climate and health, along with the deteriorating economics of coal," Ted Nace, director of CoalSwarm, told Reuters of the causes for the decline.

China had the biggest drop in its pre-construction pipeline by far, of 114 GW to a total 406 GW proposed, followed by India with a decline of 40 GW, it estimated.

The Philippines and Indonesia had also curbed coal, while countries such as Egypt and Mongolia raised their planning.

China vowed in February to close 500 million tonnes of coal production in the next three to five years to reduce oversupply. Profits also shrank in the first half because of sagging power demand and higher coal prices.

Beijing is trying to limit air pollution and climate change.

Even so, the report said the amounts of coal being planned and built were still too high to limit a rise in temperatures to the toughest aspirational goal of 1.5 degrees Celsius (2.7 Fahrenheit) set by world leaders in the Paris Agreement on climate change last year.

Ben Caldecott, director of the Sustainable Finance Programme at the University of Oxford`s Smith School, said factors such as cheaper renewable energies and worries about climate change, pollution and water stress were causing cancellations.

"This trend will accelerate over time," he wrote in a comment on the report. 

Coal plant retirements are increasing worldwide, especially in the United States and Europe, but are still only a fifth the size of new plant construction, a study by CoalSwarm and other non-governmental organizations said in March.

From 2003 to 2015, for instance, the United States added 23 GW of coal capacity and retired 54 GW.

Coal is the most polluting of the major fossil fuels and blamed for greenhouse gases that stoke more heatwaves, floods and rising sea levels.

Print Friendly and PDF

   You may also like

Category: Other Countries
Uzbekistan embarks on nuclear power plant construction with Russian design

Category: Other Countries
Asian LNG prices ease as supply levels remain healthy

Category: Other Countries
China’s benchmark power coal price stays flat

Category: Other Countries
Nepal, China agree to facilitate joint investment in power sector

Category: Other Countries
Oil prices may rise to $100 a barrel by end of year

Category: Other Countries
China now becomes world’s second-largest LNG importer

Category: Other Countries
OPEC, allies agree not to further increase oil production

Category: Other Countries
Coal mine blast kills four in southern China, another nine missing

Category: Other Countries
Rosatom joins the Nuclear Quality Standard Association
     
    RECENT STORIES   MOST READ
    FOLLOW US ON FACEBOOK
    Recent Other Countries Stories
Uzbekistan embarks on nuclear power plant construction with Russian design
Asian LNG prices ease as supply levels remain healthy
China’s benchmark power coal price stays flat
Nepal, China agree to facilitate joint investment in power sector
Oil prices may rise to $100 a barrel by end of year
China now becomes world’s second-largest LNG importer
OPEC, allies agree not to further increase oil production
Coal mine blast kills four in southern China, another nine missing
Rosatom joins the Nuclear Quality Standard Association
Russia and China sign biggest package of contracts in nuclear sphere


Explore the energynewsbd.com
Home
Energy World
Opinion
Environment
Others
Energy BD
Green Energy
Interview
Business
Archive
About Us Contact Us Terms & Conditions Privacy Policy Advertisement Policy