Annual power generation from coal in emerging countries has jumped 54% since the start of the decade, from 4,467TWh in 2010 to 6,863TWh in 2018 as power sector CO2 emissions have surged. From 2017 to 2018 alone, it spiked 7%, the highest increase since 2013. In 2018, coal accounted for 47% of all power produced in developing economies. Results are from Climatescope which is an annual survey of 104 emerging markets conducted by research firm BloombergNEF (BNEF).
* About 80% of the emerging country energy additions and new energy construction spending are made in China and India.
* Actual energy usage is kilowatt-hours. Kilowatt capacity is misleading because every kilowatt of coal power can out generate solar by three to four times.
In 2018, developing nations added 201GW of new power-generating capacity to their grids with clean energy (non-large hydro renewables) accounting for just over half the total.
107GW of renewables were installed in emerging economies in 2018.
66GW of Solar energy was installed in 2018 in emerging economies
29 GW of wind was added in emerging economies
Small hydro, biomass and geothermal combined saw 12GW added to emerging economies
Two-thirds (71GW) of all developing nation clean energy capacity was installed in China in 2018. Still, China clean energy capacity additions slipped 7% from 2017.
In 2018, new clean energy financing for emerging markets totaled $133 billion which was down from $169 billion in 2017.
India is one of the world’s major clean energy players. India installed 14GW of wind and solar in 2018. While that was down from 15GW in 2017, India scored best on the Climatescope survey to finish top of the table for the first time.
New construction of coal-fired power plants fell to its lowest level in a decade in 2018. After peaking at 84GW of new capacity added in 2015. Coal commissionings was 39GW in 2018. China accounted for approximately two-thirds of this.
SOURCES – Climatescope
Written By Brian Wang, Nextbigfuture.com
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
A frequent speaker at corporations, he has been a TEDx speaker, a Singularity University speaker and guest at numerous interviews for radio and podcasts. He is open to public speaking and advising engagements.