More coal plants are being cancelled than built

The era of global coal expansion is coming to an end. Since 2010, the number of canceled coal projects across the world outstrips those that are completed at a rate of two to one. Still, too much power continues to be made from coal if mankind wants to achieve the 2 °C global temperature limit, argues Sophie Yeo. The global coal boom has started to slow, a new report says, as more plans for new power plants are now being shelved than completed. The number of cancelled coal projects across the world has outstripped those completed at a rate of two to one since 2010, according to Sierra Club and CoalSwarm – two campaign groups that have tracked the progress of 3,900 intended plants since 1 January 2010. The findings update a 2012 report by the World Resources Institute, which estimated that 1,199 new coal-fired power plants, with a total capacity of 1,401 gigawatts, were in the pipeline for construction. New figures suggest that, by 2014, this had shrunk by 23% to a proposed 1,083 … Continue reading More coal plants are being cancelled than built