Rich
nations have stuck to pledges to phase-out coal power despite the war in Ukraine to help reach their climate
targets but expansion of China 's coal fleet risks counteracting the
impact of the closures, a report said on Tuesday.
Countries within the Organization for Economic Cooperation and Development (OECD ) policy forum and the European Union are on track to close
more than 75% of their coal power capacity from 2010 to 2030, the report by the Powering Past Coal Alliance (PPCA ) said.
Greenhouse gas emissions from burning coal are the single biggest contributor
to climate change and weaning the world off coal is considered vital to
achieving global climate targets.
While some countries such as Britain and Germany have delayed the closure of
coal plants this winter due to the war in Ukraine and concerns over Russian
energy supply, overall phase-out dates remained intact, according to the report
released to coincide with the COP27 climate summit of world leaders in Egypt.
"Instead, governments are increasing their efforts to invest in renewables
and increase energy efficiency, in order to accelerate the transition away from
power generation fuelled by both coal and gas," said the PPCA, an
international campaign aimed at phasing out the fuel.
China has pledged to bring the country's carbon emissions to a peak by 2030 and
achieve carbon neutrality by 2060. On Monday, China said it did not oppose
mentioning 1.5 degrees Celsius as a goal for limiting global warming.
China's climate envoy, Xei Zhenhua said last week at the COP27 climate talks in
Egypt the country would need to retain some coal plants to help maintain the
stability of its power grid .
There are still plans for almost 300 gigawatts (GW) of new coal power capacity
globally with around two-thirds of this, or 197 GW slated to be built in China,
the report showed.
"Accelerated retirements within the OECD and the collapse in the scale of
new project proposals in the rest of the world have been counteracted by the
ongoing expansion of the coal fleet in China," the report said.
The PPCA said many of these proposed projects may eventually be cancelled.