Boom and Bust 2019: Tracking the Global Coal Plant Pipeline
28 March 2019
For the third year in a row, the number of coal-fired power plants under development worldwide dropped steeply in 2018. Clean, renewable energy solutions like wind and solar continue to outpace outdated fossil fuels. Coal is on its way out.
© Daniel Müller / Greenpeace
This report by Global Energy Monitor, Greenpeace India, and the Sierra Club is the fifth annual survey of the coal plant pipeline. Its findings include a 20% drop in newly completed coal plants (53% in the past three years), a 39% drop in new construction starts (84% in the past three years), and a 24% drop in plants in pre-construction activity (69% over the past three years) year-on-year.
The report is clear: emissions from currently operating coal plants, utilized at an average rate and lifetime are too high to hold global warming to 1.5°C or 2°C. This needs to be a wake-up call – investors should plan for their exit, while increasing their investments in solutions.