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.
