The IEA’s freshly-released World Energy Outlook (WEO) focuses on climate change policy ahead of the upcoming COP21 conference to be held in the IEA's home town of Paris in early December. But of its recommendations are unlikely to be realized given probable opposition from oil producing states and developing countries.
IEA chief Fatih Birol says climate change initiatives could render a third of global fossil fuel reserves uneconomical. The aim of COP21 is for all countries to agree a legally binding accord in order to limit the atmospheric concentration of CO2 to 450 particles per million (ppm) by 2030 – a level deemed synonymous with limiting global warming to 2°C above pre-industrial levels. (CONTINUED - 1146 WORDS)