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New Coal Capacity Hit 20-year Low In 2024: Report

Coal
International Business Times Fews App News Provider
Fews App Post Time 2d ago

China's transition from coal will be key to meeting global climate goals AFP The world added the smallest amount of new coal capacity in two decades last year, a report said Thursday, but use of the fossil fuel is still surging in China and India. Coal accounts for just over a third of global electricity production and phasing it out is fundamental to meeting climate change goals. Just 44 gigawatts (GW) of new coal power capacity was produced globally last year, the lowest figure since 2004, according to the report by a group of energy- and environment-focussed research organisations and NGOs.

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