In its latest report, the International Energy Agency (IEA) has highlighted the continued expansion of the global coal fleet in 2017, which largely came as a result of high demand in Asian markets.
Governments in the Asian market, such as that of India, have outlined their commitment to the expansion of coal output through its state-owned Coal India, which currently accounts for 80% of total domestic production.
The continuing growth of the global coal fleet has also been aligned with a shift to more efficient plants with the use of carbon capture technologies such as carbon capture, utilisation and storage (CCUS), which the report also suggested could be used to extend the lives of existing coal power plants.
Analysis from the IEA found approximately 310 gigawatts (GW) of coal fired capacity in China that could be retrofitted, which includes 100 GW at a cost of under $50 per MWh.
The findings follow a previous IEA report, published in December 2017, that predicted an increase in demand for coal through to 2022, with continued growth in India and other Asian countries.