China ramped up coal power capacity last year, according to new analysis, despite a pledge to “strictly control” the dirtiest fossil fuel.
The country added 47.4 Gigawatts (GW) of new coal power in 2023, more than double the amount added by the rest of the world combined.
It raises concerns that gains in clean power, including by China, are being undermined by the persistent use of coal, the worst energy form for climate change and air pollution.
Analysts say China may not use all the capacity it has built.
Beijing has promised to reduce coal consumption from 2026, and said its polices align with the international Paris Agreement on climate.
But the surge drove an increase in global coal by 2% last year, the first uptick since 2019, though other countries were responsible too, Global Energy Monitor (GEM) said.
The global rise comes two years after countries promised at the COP26 climate conference in Glasgow to “transition away” from coal.
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GEM said it could just be a “blip”.
But Tina Stege, climate envoy for the Marshall Islands, which are battling rising sea levels, said fossil fuel support is “unacceptable”.
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Professor Piers Forster, interim chair of the UK government’s Climate Change Committee, called it “worrying”.
While extra capacity may not end up being used, “without strong regulation and polices that prevent it from being used, 2023 will not be seen as just a blip and future emissions rise will be inevitable”, Prof Forster said.
Does China need more coal power?
China’s coal spree is “very out of line” with a promise made by President Xi in 2021 to “strictly control” new coal power, said Flora Champenois, GEM coal programme director.
It also threatens a Chinese Communist Party target to shut down 30GW of coal power by 2025 – with only 9GW retired in the last few years.
“This coal boom – in terms of new coal plants coming online, new permits being awarded, new construction starting, no signs of a slowdown, no signs of retirement on the horizon – does not align with the commitment to strictly control coal,” Ms Champenois told Sky News.
But the new coal plants do “not necessarily mean that China is going to increase an equivalent scale of CO2 emissions,” said Qi Qin, China analyst for Research on Energy and Clean Air, who also wrote the report.
That’s because China is “increasing its renewable power capacities by [the same] scale too”, she said.
China has recently built more solar power than the rest of the world combined, and is on track to meet a 2030 clean power goal five years early.
The surge is partly fuelled by power shortage fears after a 2022 drought shrivelled water supplies for China’s hydropower.
But it already has more coal power than it needs, said Ms Qin, but a rigid grid system makes it hard for provinces to share power, meaning many are building their own coal plants.
Image: Chinese President Xi Jinping visiting a coal yard Pic: Xinhua News Agency,
‘Blip’ or ‘unacceptable’?
Seven other countries added new coal power in 2023 too, GEM found.
Those were Indonesia, India, Vietnam, Japan, Bangladesh, Pakistan, South Korea, Greece, and Zimbabwe.
But GEM also partly blamed the global net increase in coal power on rich countries stalling plant closures amid the energy crisis in 2022.
She told Sky News: “Since the start of the year, my country has been reeling from one climate-induced emergency to another, with flooding from king tides and drought affecting communities throughout the islands.”
Coal power, still the single largest source of emissions globally, must be “phased out as soon as possible” to avoid “catastrophic sea level rise and [save] lives and livelihoods”, she said.
She called it “unacceptable” the world has hardly started on shifting the trillion dollar subsidies for the fossil fuel industry to clean alternatives.
A spokesperson from the Chinese embassy in London said China will go from peaking emissions to carbon neutrality “in the shortest span of time ever in the world”.
“Our climate policies and objectives are fully consistent with the long-term temperature goal of the Paris Agreement.
“Today, close to half of the world’s installed [solar PV] capacity is in China, over half of the world’s new energy vehicles run on roads in China, and one-fourth of the world’s increased area of afforestation is in China.”
They added: “We are also working to cultivate large-scale new growth drivers in green infrastructure, green energy, green transportation and green lifestyle.”
Lola’s Cupcakes, the bakery chain which has become a familiar presence at commuter rail stations and in major shopping centres, is in advanced talks about a sale valuing it at more than £25m.
Sky News has learnt that Finsbury Food, the speciality bakery business which was listed on the London Stock Exchange until being taken over in 2023, is within days of signing a deal to buy Lola’s.
City sources said on Thursday that Finsbury Food was expected to acquire a 70% stake in the cupcake chain, which trades from scores of outlets and vending machines.
Lola’s Cupcakes was founded in 2006 by Victoria Jossel and Romy Lewis, who opened concessions in Selfridges and Topshop as well as flagship store in London’s Mayfair.
UK economic growth slowed as US President Donald Trump’s tariffs hit and businesses grappled with higher costs, official figures show.
A measure of everything produced in the economy, gross domestic product (GDP), expanded just 0.3% in the three months to June, according to the Office for National Statistics (ONS).
It’s a slowdown from the first three months of the year when businesses rushed to prepare for Mr Trump’s taxes on imports, and GDP rose 0.7%.
Caution from customers and higher costs for employers led to the latest lower growth reading.
This breaking news story is being updated and more details will be published shortly.
Prospective bidders for Claire’s British arm, including the Lakeland owner Hilco Capital, backed away from making offers in recent weeks as the scale of the chain’s challenges became clear, a senior insolvency practitioner said.
Claire’s has now filed a formal notice to administrators from advisory firm Interpath.
Administrators are set to seek a potential rescue deal for the chain, which has seen sales tumble in the face of recent weak consumer demand.
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Claire’s UK branches will remain open as usual and store staff will stay in their positions once administrators are appointed, the company said.
Will Wright, UK chief executive at Interpath, said: “Claire’s has long been a popular brand across the UK, known not only for its trend-led accessories but also as the go-to destination for ear piercing.
“Over the coming weeks, we will endeavour to continue to operate all stores as a going concern for as long as we can, while we assess options for the company.
“This includes exploring the possibility of a sale which would secure a future for this well-loved brand.”
The development comes after the Claire’s group filed for Chapter 11 bankruptcy in a court in Delaware last week.
It is the second time the group has declared bankruptcy, after first filing for the process in 2018.
Chris Cramer, chief executive of Claire’s, said: “This decision, while difficult, is part of our broader effort to protect the long-term value of Claire’s across all markets.
“In the UK, taking this step will allow us to continue to trade the business while we explore the best possible path forward. We are deeply grateful to our employees, partners and our customers during this challenging period.”
Susannah Streeter, head of money and markets at Hargreaves Lansdown, said: “Claire’s attraction has waned, with its high street stores failing to pull in the business they used to.
“While they may still be a beacon for younger girls, families aren’t heading out on so many shopping trips, with footfall in retail centres falling.
“The chain is now faced with stiff competition from TikTok and Insta shops, and by cheap accessories sold by fast fashion giants like Shein and Temu.”
Claire’s has been a fixture in British shopping centres and on high streets for decades, and is particularly popular among teenage shoppers.
Founded in 1961, it is reported to trade from 2,750 stores globally.
The company is owned by former creditors Elliott Management and Monarch Alternative Capital following a previous financial restructuring.