The Powering Past Coal Alliance (PPCA) said that countries within the Organisation for Economic Cooperation and Development (OECD) are on track to close down over three-quarters of coal-fired electricity generation by 2030.
The scale of proposed new coal power plants has also collapsed globally by the same amount since 2015, which is expected to lead to an irreversible transition away from coal power and towards cleaner electricity.
The report also found that despite short-term energy security concerns arising from Russia’s invasion of Ukraine, over a long-term trajectory, coal is firmly on the way out.
Since 2015, the global capacity of operating coal power plants increased by 170GW to a total 2,067GW as of July 2022. However, if China is removed from the picture, the rest of the world has seen a net decrease of 54GW (5 per cent) since 2015, with coal power capacity in the rest of the world outside of China peaking in 2017.
In February, the Centre for...