gem：2026年全球煤电繁荣与衰退报告（英文版）

In 2025,the world built more coal and used itless. New coal power capacity additionsreached one ofthe highestlevels on record, even as coal-fired electricity generationdeclined. This gap was particularly pronounced in China and India, where wind and solarmet most or all new demand, driving down coal generation even as coal plantcommissioning reached decade highs.

As the gap between coal plants and the powerthey produce widened, coal capacity isincreasingly maintained not as a primary sou