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    Thu, 6th Apr 2023 15:37:00
    Phaseout of coal power far too slow to avoid ‘climate chaos’, report finds
    "World needs to stop building new plants and close existing ones at almost five times the current rate to meet Paris agreement goals" The world needs to close coal power plants at almost five times the present rate, as well as stop building new ones, in order to meet the goals of the Paris climate agreement, according to a report. Global Energy Monitor, a San Francisco-based NGO, said insufficient progress was being made to avoid “climate chaos” and that plans for a sharp increase in the number of coal-fired plants in China would require even steeper cuts to the rest of the global fleet to meet the world’s climate goals. In order to meet the Paris climate agreement, all coal-fired plants need to be closed by 2040 and no new ones can come online. Developed economies are expected to shut their plants a decade earlier than the global phaseout. This will require countries in the Organisation for Economic Co-operation and Development to close 60 gigawatts of coal-power capacity each year until 2030 – about four-and-a-half times the amount recorded last year. Non-OECD countries will need to close 91GW of coal power capacity every year until 2040. The global survey found that although the total amount of existing and planned coal plant capacity outside China fell last year, the phaseout has slowed compared with previous years. China is also preparing to drastically increase its usage of coal, with plans to build enough new plants to more than offset the capacity retired across the US and the EU combined last year. “At this rate, the transition away from existing and new coal isn’t happening fast enough to avoid climate chaos,” said Flora Champenois, the lead author of the report and project manager for Global Energy Monitor’s global coal plant tracker. “The more new coal projects come online, the steeper the cuts and commitments need to be in the future.” Overall, the world’s existing fleet grew by 19.5GW last year, of which more than half was commissioned in China. The country also has plans to increase its coal power capacity by a further 126GW – dwarfing reductions in usage made in developing countries. The US took the global lead in retiring coal power, shutting 13.5GW of capacity last year. In the EU, closures slowed from 14.6GW of capacity in 2021 to 2.2GW in 2022, as the bloc responded to the war in Ukraine driving up the cost of gas-fired power generation. “Progress in retiring coal power plants in rich countries and cancelling new coal power projects in developing countries, despite the gas crunch that shook global energy markets in 2022, is encouraging,” said Lauri Myllyvirta, the lead analyst for the Centre for Research on Energy and Clean Air, a thinktank. “Outside of China, the response to the energy crisis was dominated by investment in clean energy. However, that progress urgently needs to be accelerated. China pulled in the opposite direction, sharply increasing planned coal power capacity, showing the need to deploy clean solutions and better enforcement of existing policies that should restrict new coal power projects,” he added.
    Read original full article
    #Carbon Footprint
    #Climate Change
    #Coal
    #Greenhouse Gas Emissions
     
    Atlantis Viewpoint
    These reports are distressing to hear but are essential to offset some of the over-optimistic reports that we receive. We had just last week a report released saying that in 2023 "Fossil fuel emissions from electricity set to fall" however this might be true for this brief moment but the reality is that we are only just starting to catch up with the year on year increased demand in electricity, from new clean and renewable electricity production. We have not even begun to cut in to the huge amount of electricity production worldwide from fossil fuels, that has been increasing continuously for decades! Now with plans mainly in China but in other countries to continue expanding their coal power plants we get an idea of just how far away from solving these problems we are. As this new report says we need to start closing coal power plants 5 times faster than we are. Add to that gas power plants, intense heating to melt steel and produce cement that use fossil fuels as well and it is obvious that we need to start building a lot more electricity power plants and green hydrogen producing plants, and fast! Atlantis and our partners can have multiple clean energy plants up and running in the next few year producing endless clean electricity and green hydrogen, help us make this happen!
         



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    Energy News
    How bankruptcy helps the coal industry avoid environmental liability
    Wed, 10th May 2023 18:04:00
    German lawmakers mull creating first citizen assembly
    Wed, 10th May 2023 17:00:00
    Yousaf: Just transition away from oil and gas is a moral imperative
    Wed, 10th May 2023 14:15:00


    How bankruptcy helps the coal industry avoid environmental liability
    Wed, 10th May 2023 18:04:00
    German lawmakers mull creating first citizen assembly
    Wed, 10th May 2023 17:00:00
    Yousaf: Just transition away from oil and gas is a moral imperative
    Wed, 10th May 2023 14:15:00