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width: 100%; margin: 0 auto; padding: 0 var(--default-padding); box-sizing: content-box; position: relative; } </style> <article class="node node--type-gcel-page node--promoted node--view-mode-full"> <div class="node__content"> <div class="field field--name-field-gcel-content field--type-entity-reference-revisions field--label-hidden field__items"> <div class="field__item"> <div class="gcel-text-wrapper dirt smallspace"> <div class="paragraph paragraph--type--gcel-text paragraph--view-mode--default gcel-text dirt smallspace"> <div> <div class="clearfix text-formatted field field--name-field-gcel-text-text field--type-text-long field--label-hidden field__item"><h1>Methodology</h1><p class="lead"><span lang="EN-US">The Global Coal Exit List identifies companies along the thermal coal value chain. This includes coal miners and coal power producers, but also companies involved in coal project development and coal services like exploration, processing, trading, transport & logistics, equipment manufacturing, coal-related maintenance and engineering services, coal-to-liquids and coal-to-gas production. The <strong>GCEL 2024</strong> currently provides coal-related data for almost <strong>2800 </strong>companies, comprised of about <strong>1500 </strong>parent companies and their subsidiaries. It does not currently cover coal used for cement or steel production.</span></p><p> </p><h3><span lang="EN-US">Which companies end up on GCEL?</span></h3><p><span lang="EN-US">Companies are listed on GCEL based on 3 criteria.</span></p></div> </div> </div> </div> </div> <div class="field__item"> <div class="gcel-foldout-content-wrapper"> <div class="paragraph paragraph--type--gcel-foldout-content paragraph--view-mode--default gcel-foldout-content"> <div class="field field--name-field-gcel-foldout-foldouts field--type-entity-reference-revisions field--label-hidden field__items"> <div class="field__item"> <div class="paragraph paragraph--type--gcel-foldout paragraph--view-mode--default gcel-foldout"> <div class="foldout_image"> <picture> <source type="image/webp" srcset="https://www.coalexit.org/sites/default/files/styles/half_width/public/2023-10/picto_criteria_expansion.webp?itok=geoDxJdd"> <img alt="Expansion Criteria" title="" src="https://www.coalexit.org/sites/default/files/styles/half_width/public/2023-10/picto_criteria_expansion.png?itok=DjPXoGYk"> </picture> </div> <div class="foldout_collapse_wrapper"> <div class="foldout_intro"> <div class="clearfix text-formatted field field--name-field-gcel-foldout-intro field--type-text-long field--label-hidden field__item"><p class="lead"><span>The company is developing...</span></p><ul><li><p class="lead"><span><strong>new coal mines</strong></span></p></li><li><p class="lead"><span><strong>new coal-fired power plants</strong></span></p></li><li><p class="lead"><span><strong>new coal-related infrastructure</strong></span></p></li></ul></div> <p><span class="foldout_more">Read more</span></p> </div> <div class="foldout_text"> <div class="clearfix text-formatted field field--name-field-gcel-foldout-text field--type-text-long field--label-hidden field__item"><p><span lang="EN-US">GCEL includes companies that are developing new coal power, coal mining and/or coal infrastructure projects. The following companies fulfill the expansion criteria:</span></p><ul><li><span lang="EN-US"><strong>Power:</strong> Companies planning to develop new coal-fired power capacity of at least 100 MW.</span></li><li><span lang="EN-US"><strong>Mining:</strong> Companies engaged in coal exploration activities, planning to develop new coal mines, extending their coal mines or the life of coal mines by applying for new permits.</span></li><li><span lang="EN-US"><strong>Services:</strong> Companies involved in the development or expansion of coal transportation assets or other coal-related infrastructure such as coal-to-gas facilities.</span></li></ul></div> </div> <p><span class="foldout_less">Collapse</span></p> </div> </div> </div> <div class="field__item"> <div class="paragraph paragraph--type--gcel-foldout paragraph--view-mode--default gcel-foldout"> <div class="foldout_image"> <picture> <source type="image/webp" srcset="https://www.coalexit.org/sites/default/files/styles/half_width/public/2023-10/picto_criteria_relative.webp?itok=1c8r9PIR"> <img alt="Relative Criteria" title="" src="https://www.coalexit.org/sites/default/files/styles/half_width/public/2023-10/picto_criteria_relative.png?itok=lAmr4qP7"> </picture> </div> <div class="foldout_collapse_wrapper"> <div class="foldout_intro"> <div class="clearfix text-formatted field field--name-field-gcel-foldout-intro field--type-text-long field--label-hidden field__item"><p class="lead"><span>The company's...</span></p><ul><li><p class="lead"><span><strong>coal share of revenue (csr) is ≥ 10 %</strong></span></p></li><li><p class="lead"><span><strong>coal share of power production (cspp) is ≥ 10 %</strong></span></p></li></ul></div> <p><span class="foldout_more">Read more</span></p> </div> <div class="foldout_text"> <div class="clearfix text-formatted field field--name-field-gcel-foldout-text field--type-text-long field--label-hidden field__item"><p><span lang="EN-US">All companies that have a coal share of revenue or a coal share of power production of 10% or more are listed on GCEL.</span></p><p><span lang="EN-US">The coal share of revenue (csr) measures the share of a company’s coal-related business with regard to its total revenue. Wherever possible, GCEL differentiates between business activities related to thermal and metallurgical coal.</span></p><p><span lang="EN-US">Coal-related revenue includes the coal mining and power business as well as coal services like exploration, processing, trading, transport & logistics, equipment manufacturing, coal-related maintenance and engineering services, coal-to-liquids and coal-to-gas production. </span></p><p><span lang="EN-US">For utilities, we calculate the coal share of power production (cspp) based on annual coal power generation or installed capacity.</span></p></div> </div> <p><span class="foldout_less">Collapse</span></p> </div> </div> </div> <div class="field__item"> <div class="paragraph paragraph--type--gcel-foldout paragraph--view-mode--default gcel-foldout"> <div class="foldout_image"> <picture> <source type="image/webp" srcset="https://www.coalexit.org/sites/default/files/styles/half_width/public/2023-10/picto_criteria_absolute.webp?itok=fdHoJTRx"> <img alt="Absolute criteria" title="" src="https://www.coalexit.org/sites/default/files/styles/half_width/public/2023-10/picto_criteria_absolute.png?itok=klpR2lAK"> </picture> </div> <div class="foldout_collapse_wrapper"> <div class="foldout_intro"> <div class="clearfix text-formatted field field--name-field-gcel-foldout-intro field--type-text-long field--label-hidden field__item"><p class="lead"><span>The company's...</span></p><ul><li><p class="lead"><span><strong>annual thermal coal production is ≥ 10 Mt pa</strong></span></p></li><li><p class="lead"><span><strong>coal-fired generation capacity is ≥ 5 GW</strong></span></p></li></ul></div> <p><span class="foldout_more">Read more</span></p> </div> <div class="foldout_text"> <div class="clearfix text-formatted field field--name-field-gcel-foldout-text field--type-text-long field--label-hidden field__item"><p><span lang="EN-US">GCEL includes all companies that have an annual thermal coal production of ≥10 million tons or that have an installed coal-fired capacity of ≥5GW.</span></p><p><span lang="EN-US">These criteria are based on the absolute size of a company’s coal operations. They ensure that all of the world’s largest coal players are featured on GCEL, even if they do not meet our relative criteria. This is important because some of the world’s largest coal miners and coal plant operators are diversified companies. Their coal share of revenue may be below 10%, but this doesn’t make their activities less harmful.</span></p></div> </div> <p><span class="foldout_less">Collapse</span></p> </div> </div> </div> </div> </div> </div> </div> <div class="field__item"> <div class="gcel-cta-banner-wrapper"> <div class="paragraph paragraph--type--gcel-cta-banner paragraph--view-mode--default gcel-cta-banner aqua"> <div> <div class="clearfix text-formatted field field--name-field-gcel-cta-banner-text field--type-text-long field--label-hidden field__item"><p>Download the full methodology for more details.</p></div> </div> <div class="gcel-cta-banner-cta"> <a href="/sites/default/files/download_public/Methodology%20GCEL%202024%20download.pdf" class="gcel-button" title="Methodology GCEL 2024">Methodology GCEL 2024</a> </div> </div> </div> </div> <div class="field__item"> <div class="gcel-text-wrapper columns"> <div class="paragraph paragraph--type--gcel-text paragraph--view-mode--default gcel-text columns"> <h2> <div class="field field--name-field-gcel-text-heading field--type-string-long field--label-hidden field__item">Sources</div> </h2> <div> <div class="clearfix text-formatted field field--name-field-gcel-text-text field--type-text-long field--label-hidden field__item"><p><span lang="EN-US">GCEL is based on publicly available information. Relevant coal-related data is mainly extracted from the companies' own reporting, such as company websites, annual reports, financial reports, credit rating reports, investor presentations, and stock exchange filings. In some countries, we also draw on government-owned regional or national websites. In China, bidding websites with reliable information about companies, university websites, and recruitment websites are used as additional sources. To make sure we do not miss any expansion projects, we check the Global Energy Monitor’s </span><a href="https://globalenergymonitor.org/projects/global-coal-plant-tracker/" target="_blank"><span lang="EN-US">Global Coal Plant Tracker</span></a><span lang="EN-US"> and its </span><a href="https://globalenergymonitor.org/projects/global-coal-mine-tracker/" target="_blank"><span lang="EN-US">Global Coal Mine Tracker</span></a><span lang="EN-US">.</span></p><p><span lang="EN-US">We always utilize the most recent information we can find during the research period. But of course, no database is perfect. If you have information that can help us improve our database, feel free to get in touch with us at </span><span class="spamspan"><span class="u">coalexit</span> [at] <span class="d">urgewald.org</span><span class="t"> (<span lang="EN-US">coalexit[at]urgewald[dot]org</span>)</span></span><span lang="EN-US">.</span></p></div> </div> </div> </div> </div> </div> </div> </article> </div> <div id="block-coalexit-cookiesui" class="block block-cookies block-cookies-ui-block"> <div id="cookiesjsr"></div> </div> </div> </div> </main> <footer role="contentinfo" style=" position: relative; "> <div class="region region-footer"> <nav role="navigation" aria-labelledby="block-coalexit-footer-menu" id="block-coalexit-footer" class="legal block block-menu navigation menu--footer"> <h2 class="visually-hidden" id="block-coalexit-footer-menu">Footer menu</h2> <ul class="menu"> <li class="menu-item"> <a href="/terms-conditions" data-drupal-link-system-path="node/205003">Terms & Conditions</a> </li> <li class="menu-item"> <a href="/privacy-policy" data-drupal-link-system-path="node/205002">Privacy Policy</a> </li> <li class="menu-item"> <a href="/site-notice" data-drupal-link-system-path="node/205004">Site Notice</a> </li> <li class="menu-item"> <a href="#editCookieSettings" class="cookies-open-cookie-consent-dialog">Cookies settings</a> </li> </ul> </nav> </div> <div>© 2025 — urgewald e.V.</div> </footer> </div> </div> <script src="/sites/default/files/js/js_zsrKQjWdwJxObde8yv6jIKtcptrrbVKcykiwHDK42Eg.js?scope=footer&delta=0&language=en&theme=coalexit&include=eJxFilEKhDAMBS-kmyPJ21q12iSlSUFvr6wrfjyGxwzDlZX4hy6obinacF-CIB-egj2C_lytfsIonRXwNSH9Ts0CPF4lctyTU0HFXFGWftI8avNXMZL0HKWdVaExdg"></script> <script src="https://cdn.jsdelivr.net/gh/jfeltkamp/cookiesjsr@1/dist/cookiesjsr-preloader.min.js" defer></script> <script src="/sites/default/files/js/js_mv0yPUFYmtC4bY5Vd2mX2m0OvTd-90iLvViOF-Wec08.js?scope=footer&delta=2&language=en&theme=coalexit&include=eJxFilEKhDAMBS-kmyPJ21q12iSlSUFvr6wrfjyGxwzDlZX4hy6obinacF-CIB-egj2C_lytfsIonRXwNSH9Ts0CPF4lctyTU0HFXFGWftI8avNXMZL0HKWdVaExdg"></script> </body> </html>