Based on already planned and announced retirements, less than half of the U.S. coal-fired power generation capacity that existed at the start of 2015 will remain online by 2035, a new S&P Global Market Intelligence analysis shows.

Utilities are rapidly closing coal-fired power plants, and while 2020 and 2021 offer a relative reprieve from retirements compared to 2018 and 2019, utilities already have over 10 GW of announced retirement plans lined up in each of 2022 and 2023.

Closure of Coal Power Plants Will Reduce US Coal Capacity by 50% | Devamı>>>

China added 194 million tonnes of coal mining capacity in 2018, data from the energy bureau showed on Tuesday, despite vows to eliminate excess capacity in the sector and to reduce fossil fuel consumption.

Total coal mining capacity in the country was at 3.53 billion tonnes per year by the end of 2018, according to a statement from the National Energy Administration (NEA). That compares to 3.34 billion tonnes at the end of 2017.

However, the total amount of coal mines in China declined to 3,373 in 2018 from 3,907 in 2017, the NEA said in the statement, as Beijing has been phasing out small and ineffective coal mines in eastern regions and expanding capacity in the west

The increasing coal capacity has stirred concerns it will undermine efforts to cut the share of coal in total energy use, and that China will be unable to keep its commitment of capping climate-warming carbon emissions by around 2030.

China Boosts Coal Mining Capacity Despite Climate Pledges | Devamı>>>

Since 2000, the world has doubled its coal-fired power capacity to 2,000 gigawatts (GW) after explosive growth in China and India. Another 200GW is being built and 450GW is planned. More recently, 200GW has closed due to a wave of retirements across the EU and US. Another 170GW is set to retire by 2030 and 13 of the world’s 77 coal-powered countries plan a total phaseout.

Meanwhile, electricity generated from coal peaked in 2014, so the expanding fleet is running fewer hours than ever.

Mapped: The World’s Coal Power Plants | Devamı>>>

1. US oil production exceeded expectations.

A year ago, the Energy Information Administration estimated that US crude production would increase in 2018, below 600,000 barrels. This proved to be an inadequate statement: the actual increase was about 1.6 million v / g. This is a bit ahead of the previous summit in 1970, and also a bit ahead of Russia, the second largest producer in the world, which reported that October produced a record record of approximately 11.4 million v / g.

How Was The 2018 Year In The World Energy Sector? | Devamı>>>