China continues to nearly single-handedly prop up global coal consumption and new coal-fired power generation, despite being also the world’s leading investor in renewables and battery storage.
China is set to commission as many as 85 coal-fired power generating units this year, out of a total global of 104 coal projects slated for start-up in 2026, according to data by non-profit Global Energy Monitor (GEM) cited by the Financial Times.
Of all the 63 gigawatts (GW) of coal-fired power generation expected to begin commercial operations globally this year, 55 GW will be in China, the GEM data showed.
Last year, China accounted for a massive 78% of all global coal power capacity that began operating. The world’s top coal consumer and importer also makes up a whopping 86% of the total global capacity under construction and expected to be commissioned this year, according to the data analyzed by GEM.
Apart from China, other Asian economies such as India, Indonesia, and Vietnam continue to add coal-fired capacity.
GEM data shows India has 24 GW of coal power capacity under construction. India is investing huge sums in renewables and hit its renewable installation target earlier than planned, but it continues to bet on coal.
Coal-fired power generation and capacity installations in India continue to rise and coal remains a key pillar of India’s electricity mix with about 60% share of total power output. Despite booming renewable capacity additions, India continues to rely on coal to meet most of its power demand as authorities also look to avoid blackouts in cases of severe heat waves.
Globally, China is the leader – by far – in renewable energy investments and capacity installations, but it is also a leader in coal-fired power and continues to be the key driver of record-high global coal demand.
So, any meaningful reduction of global coal-related energy emissions depends on how China approaches its energy security and affordability dilemma in the coming years.
By Charles Kennedy for Oilprice.com
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