Tortoise Senior Portfolio Manager Rob Thummel in CNBC

China accounted for two-thirds of new global coal plant capacity in 2023, report finds

The world added more coal power capacity last year than any year since 2016, with China driving most growth and future planned capacity, according to new research.

A report by Global Energy Monitor released Thursday found that net annual coal capacity grew by 48.4 GW, representing a 2% year-over-year increase. China alone accounted for about two-thirds of new coal plant capacity.