Phasing down coal and the just energy transition
On 3 December 2024, in the framework of the Thirteenth International Forum on Energy for Sustainable Development, UNECE and ESCAP organized a session on ‘Phasing down coal and the just energy transition – national, regional and global perspectives’ spotlighting the critical challenges and opportunities of phasing down coal while ensuring a just energy transition.
The session brought together diverse stakeholders including government ministries, private sector representatives, financial institutions, international organizations, and civil society to discuss strategies for a sustainable energy transition. It featured presentations on global coal-phase down trends, the experience of phasing out coal production in the United Kingdom – the birthplace of coal power - and examples of more recent efforts to phase down coal in Indonesia, Vietnam and the Philippines. Following the presentations, an Expert Panel Discussion convened a diverse group of stakeholders to share experiences and lessons learned in coal phase-down efforts, explore economic and social mechanisms for accelerating the retirement of coal-fired power stations, and strengthen networks to support the transitions, emphasizing the importance of ensuring a just and equitable process at national, regional, and sub-regional levels.
Experts highlighted that Global Coal Production reached a record 179 exajoules in 2023, with the Asia-Pacific region contributing nearly 80% of global output. A few countries dominate this regional production, accounting for 97% of the region's coal output.
Despite ongoing challenges, the transition to cleaner energy sources is gaining momentum. A notable example is the G7's commitment to end "unabated" coal use by 2035, reflecting a growing global shift toward decarbonization. However, the session emphasized the need for a comprehensive approach to coal phase-down, particularly in the Asia-Pacific region, where over 170 gigawatts of coal capacity are currently under construction. Addressing the economic and social impacts on coal-dependent communities is essential to ensuring a just and equitable transition.