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About 69.5 gigawatts (GW) of coal plant capacity came online last year, of which two-thirds were built in China, according to the report.
There were also plants built in Indonesia, India, Vietnam, Japan, Bangladesh, Pakistan, South Korea, Greece and Zimbabwe.
Climate scientists have said all coal plants should be shut by 2040 – unless they are fitted with effective carbon-removal technology – if governments hope to limit global heating to within 1.5C of pre-industrialised levels.
Research by Capital Economics suggests China’s appetite for coal power may reduce as low-carbon options accelerate.
The report found that a resurgence in hydropower this year, combined with China’s expansion of wind, solar and nuclear power, could mark the start of a steady decline in its coal demand.
The report found that construction started on less than 4GW of new projects outside China last year, a quarter of the annual average between 2015 and 2022 for the same set of countries.
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