Are new coal plants a backwards move?

Plans for new coal-fired power plants raise questions

New research has revealed that over 1000 new coal plants are being planned in 59 countries, with China and India contributing to three-quarters of them. 

This coal expansion is going ahead despite warnings over the large amount of pollution the new plants will create, with scientists, politicians and climate change campaigners all agreeing that the world needs to move away from fossil fuels as the main energy provider. Many argue that fossil fuel assets will become worthless as action on climate change moves forward.

Coal plants are the most polluting of all types of power plants. The capacity of all 1200 proposed plants across the world will be around 1400GW, which is the same as adding another China to the world in terms of the level of greenhouse gas emissions.

A coal-fired power station in Michigan, USA

(Source - Wikipedia)

The report is said to be the most comprehensive made and was compiled by the World Resources Institute, who state that the proposed coal plants are ‘definitely not in line with a safe climate scenario’. Nick Robins, head of HSBC’s Climate Change Centre, believes it would be easier to ignore coal as an energy source, as several factors including tighter air pollution regulations, the increasing investment and commitment to renewable energies and the scarcity of water (as coal plants need massive amounts of water to operate) make coal energy not worth the hassle.

Despite these warnings however, the coal industry has seen economic rejuvenation in recent years, as global coal trade increased 13% in 2010. The UK, Germany and France are still in biggest importers, but countries like South Korea and Japan are fast-increasing their import levels. These countries, along with developing countries such as Senegal and Uzbekistan, have high numbers of coal plants but produce practically no coal of their own. Ailun Yang, of the WRI, believes that there is an issue of a lack of awareness in these countries that their energy needs can be met from sources ‘other than coal’.