Thread by @CREACleanAir

NEW: Glasgow climate summit impact on coal:
*cancellation of 90 new coal power projects
*phase out 370 existing plants that didn't have a close-by date before
*95% of world's coal plants now covered by carbon neutrality targets - that require closing essentially all of them

We tallied up all the commitments to "no new coal", ending fossil fuel financing, coal phase-outs and carbon neutrality announced in the run-up to and at the UN climate summit in Glasgow.

750 coal-fired power plants (550 gigawatts) around the world now have a phase-out date, while another 1600 plants (1420 GW) are covered by carbon neutrality targets phase-out. This is up from 380 plants (260 GW) with a phase-out date before the Glasgow process.

90 new coal power projects (88 GW) likely cancelled due to "no new coal" and no new fossil fuel financing pledges - 2/3 of all planned coal outside China.

Another 130 coal power projects (165 GW), most in China&Indonesia, are highly questionable due to carbon neutrality targets. India's target of carbon neutrality by 2070 target might leave room for new coal power plants, but the country's clean energy targets don't.

Not all coal phase-out decisions are aligned with the Paris Agreement goals. Only 250 existing coal power plants (180 GW) are scheduled to close by 2030 in the OECD and 130 plants (100 GW) outside the OECD have a closure date by 2050.

With Germany’s expected 2030 phase-out decision and assuming the United States’ 2035 Clean Power Plan will mean a coal phase out by 2030, the number of coal power plants with a Paris-aligned phase-out date would increase to 510 (460 GW).

Read the full analysis here:
energyandcleanair.org/glasgow-impact…