Report says five Asian countries account for 80% of new coal-fired power sector investment 

Five Asian countries are undermining global climate ambitions by investing in 80% of the world's planned new coal-fired power plants. Carbon Tracker, a financial think tank, found that China and India, Indonesia, Japan and Vietnam planned to build more than 600 coal-fired power plants, even though renewables are cheaper than most. new coal-fired power plants. Investments in one of the world's most environmentally damaging energy sources  could generate a total of 300 gigawatts of power - enough to power the UK more than three times over, despite pleas from UK climate experts  UN to cancel all new coal-fired power plants. 

Catharina Hillenbrand von der Neyen, the report's author, said: "These last strongholds of coal-fired power are going against the grain, as renewables offer a cheaper solution that supports global climate goals. 'Asia continues to invest money in coal-fired power plants, developed countries  are accelerating plans to phase them out for coal-fired power, which accounted for 1.5% of electricity  last quarter of 2020, has received a mixed response from green groups as it will force the closure of a single coal-fired power station at RatcliffeonSoar in Nottinghamshire following the closure of West Burton A Power Station in September 2022.Alok Sharma, President of  Cop26 Climate Interviews in Glasgow in Glasgow in Glasgow, said the government's "decisive step" would send a "clear sign to friends around the world that the proper power is the way  to follow".