Press releases

The proposed increase to global coal mine capacity is at odds with a market expecting demand to flatten by the end of the decade, in part as coal-fired electricity is increasingly replaced by clean energy, according to a new GEM report.

Rapid coal power capacity growth deepened oversupply rather than responding to Hormuz-related supply disruptions, as reflected in rising clean power curtailment and falling coal power utilisation.

China’s unparalleled renewable energy expansion continued in the last year with over 500 gigawatts (GW) of wind and utility-scale solar capacity currently under construction, more than the rest of the world combined, but severe grid transmission bottlenecks risk prolonging the lifespan of coal well into its new Five-Year Plan, according to a new report by Global Energy Monitor (GEM).