On the other hand, ongoing closures
of coal power capacity in germany is likely to decreace exports from coal power stations.
Countries of South East Europe plan to add about 6 GW of new
coal power capacity by 2030, largely backed by the finance from Chinese investors.
Meanwhile, India added 152 GW of
coal power capacity from 2006 to 2017, second only to China, despite a broad retreat from coal financing by private capital in the country and a freeze on coal plant construction introduced in 2017.
China continues to lead the world in the amount of
coal power capacity under development, despite tightening restrictions on new coal plant projects by the Chinese authorities.
The Indian government's December 2016 draft National Energy Plan says that «no
further coal power capacity beyond that currently under construction will be needed until at least 2027.»
«This hike in new
coal power capacity highlights the urgent need for the EU to move to a 30 % greenhouse gas reduction target for 2020, to introduce an Emissions Performance Standard, and to end decades of subsidies for new coal build and its fuel,» says the EWEA report.
Despite this, countries of Southeastern Europe plan to add about 6 GW of new
coal power capacity by 2030, largely financed by Chinese investors.
If all of these projects are built, it would add
new coal power capacity that is almost four times the current capacity of all coal - fired plants in the United States.
Vietnam is the world's third biggest producer of new
coal power capacity, and Southeast Asia's largest hotspot for coal.
Last year the global power sector added at least 84 gigawatts (GW) of new
coal power capacity.
Reduction in
coal power capacity will have implications for seaborne coal suppliers as China may become a net exporter of thermal coal