The worldwide pipeline of recent coal energy vegetation has collapsed because the 2015 Paris climate agreement, in line with analysis that implies the top of the polluting power supply is in sight.
The report discovered that greater than three-quarters of the world’s deliberate vegetation have been scrapped because the local weather deal was signed, that means 44 international locations not have any future coal energy plans.
The local weather teams behind the report – E3G, World Energy Monitor and Ember – mentioned these international locations now have the chance to hitch the 40 international locations which have already signed as much as a “no new coal” dedication to assist deal with international carbon emissions.
“Solely 5 years in the past, there have been so many new coal energy vegetation deliberate to be constructed, however most of those have now been both formally halted, or are paused and unlikely to ever be constructed,” mentioned Dave Jones, from Ember.
“A number of international locations can add their voices to a snowball of public commitments to ‘no new coal’, collectively delivering a key milestone to sealing coal’s destiny.”
The remaining coal energy vegetation within the pipeline are unfold throughout 31 international locations, half of which have just one deliberate for the long run.
Chris Littlecott, the affiliate director at E3G, mentioned the economics of coal have turn into “more and more uncompetitive compared to renewable power, whereas the danger of stranded belongings has elevated”.
The report discovered that if China, which is answerable for greater than half of the world’s coal plant plans, opted to scrap the tasks, alongside India, Vietnam, Indonesia, Turkey and Bangladesh, then the variety of coal energy vegetation within the pipeline would shrink by virtually 90%.
Christine Shearer, the programme director at World Power Monitor, and co-author of the report, mentioned that the Cop26 local weather talks to be held in Glasgow in November have been “an opportune time for the world’s leaders to return collectively and decide to a world with no new coal vegetation”.
Alok Sharma, the UK’s Cop26 president, mentioned that preserving international temperatures from rising by greater than 1.5C above pre-industrialised ranges can be “extraordinarily tough” with out a dedication from international locations to part out coal.
Coal is among the greatest contributors to the carbon emissions answerable for the local weather disaster, and the UN has said that using it should fall by 79% in contrast with 2019 ranges by the top of the last decade if the world hopes to fulfill the Paris local weather settlement targets.
Sharma’s warning got here after ministers from greater than 50 international locations closed a two-day assembly in London this summer time without full agreement on phasing out coal.
Nonetheless, Leo Roberts, a researcher at E3G and the creator of the report, mentioned: “These international locations nonetheless contemplating new energy vegetation ought to urgently recognise the inevitability of the worldwide shift away from coal, and keep away from the expensive mistake of constructing new tasks.”