NEW REPORT: Global Coal Plant Development Freefall Sparks Renewed Hope On Climate Goals

24 Mar 2017   Coal

On the heels of the 250th coal-fired power plant retiring in the United States yesterday, the Sierra Club, Greenpeace, and CoalSwarm have released their third annual survey of the global coal plant pipeline, Boom and Bust 2017: Tracking The Global Coal Plant Pipeline . The report’s findings include a 62 percent drop in new coal plant construction starts globally, a 48 percent reduction in worldwide pre-construction activity, and an 85 percent decline in new Chinese coal plant permits. Overall, the number of coal-fired power plants under development worldwide saw a dramatic drop in 2016. This is mainly due to shifting policies in Asia, including a dramatic clampdown on new coal plant projects by Chinese central authorities and financial retrenchment by coal plant backers in India. In China and India, construction is now frozen at over 100 project sites. In addition the decline in new plant development, […]

Tags:

Comments are closed.