Global greenhouse gas emissions need to peak soon and be reduced practically to zero in the second half of this century in order to not exceed the climate targets adopted in the Paris Agreement. However, there are currently numerous coal-fired power stations around the world at different stages of construction and planning that could be completed in the next decade. If all these plants are actually built, their expected future emissions will make it very difficult to reach these targets, even in an optimistic scenario with the deployment of carbon capture and storage technologies. Policy makers around the world need to react quickly and help to redirect investment plans for new coal-fired power stations towards low-carbon technologies