Boom and Bust: tracking the global coal plant pipeline
Christine Shearer, Nicole Ghio, Lauri Myllyvirta and Ted Nace.
Worldwide, for every new coal plant built, two have been shelved or cancelled since 2010. This rate is significantly higher in places like Europe, South Asia, Latin America, and Africa, and has reached a six-to-one cancellation rate in India since 2012. In China, coal use declined in 2014 while, at the same time, the economy grew by 7.3 percent. And, in the U.S., over 77,000 megawatts of coal energy have retired or are slated to retire.