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International Trade And Business








 A Result of the Paris Agreement: "No New Coal by 2021 Report"


E3G's No New Coal by 2021 report revealed that there has been a 76% reduction in coal projects in the planning process since the Paris Agreement was signed in 2015.


To summarize the report, the 76% decrease in the planned coal-fired power plant capacity indicates that the construction of new coal-fired power plants has come to an end. 55% of the coal-fired power plants planned to be built in the world are only in China, followed by India, Vietnam, Indonesia, Turkey and Bangladesh.
 
31 countries host very low-intensity projects remaining from these countries. We can say that 16 countries will no longer have a coal-fired project, except for one last remaining project.
 
Even countries like China, which we can describe as the world's largest economies and the most populous, are taking steps to take responsibility, or rather, it can be said that it is forced. As a result of these pressures, China announced that it would not build an overseas coal plant, following its East Asian neighbors Japan and South Korea. Among OECD countries, Turkey still has the highest coal power plant projects. Although the projects are cancelled, it can be said that Turkey has no plans to cancel the construction of coal power plants for now. As countries stop consuming coal as a fuel, the structural change of the electricity sector is accelerating and this factor that causes a great deal of climate change is gradually disappearing. This structural change seems to take time in countries such as Turkey, India, Bangladesh and China.

Click for the report.

References

https://www.e3g.org/publications/no-new-coal/
https://www.iklimhaber.org/yeni-calisma-paris-anlasmasiyla-beraber-cogu-komurlu-termik-santral-projesinin-ustu-cizildi/
https://www.iklimhaber.org/abd-ve-cinden-onemli-iklim-taahhutleri/

Res. Asst. Merve TOSUN