More than 1,000 coal-fired power plants are being planned worldwide, new research has revealed.
The huge planned expansion comes despite warnings from politicians, scientists, and campaigners that the planet’s fast-rising carbon emissions must peak within a few years if runaway climate change is to be avoided and that fossil fuel assets risk becoming worthless if international action on global warming moves forward.
Coal plants are the most polluting of all power stations and the World Resources Institute (WRI) identified 1,200 coal plants in planning across 59 countries, with about three-quarters in China and India. The capacity of the new plants add up to 1,400GW to global greenhouse gas emissions, the equivalent of adding another China — the world’s biggest emitter. India is planning 455 new plants compared to 363 in China, which is seeing a slowdown in its coal investments after a vast building program in the past decade.
“This is definitely not in line with a safe climate scenario — it would put us on a really dangerous trajectory,” said the WRI’s Ailun Yang, who compiled the report, considered to be the most comprehensive in the public domain. But she said new emissions limits proposed in the U.S. and a voluntary cap on coal use in China could begin to turn the tide. “These policies would give really strong signals about the risks to the future financial performance of coal of climate policies.”