Current Paris pledges not enough, says IEA
The climate pledges made ahead of next month’s COP21 summit fall short of the goal of limiting global temperature increases to 2?c, according to the International Energy Agency (IEA). The organisation published a World Energy Outlook briefing on the pledges on Wednesday 21 October. It said that, if the pledges were met, 70% of additional electricity generation to 2030 would be low carbon, and that the power sector would see its emissions plateau at close to today’s levels––“effectively breaking the link between rising electricity demand and rising related CO2 emissions”. The pledges would require $13.5tn of investment in energy efficiency and low-carbon generation between 2015-30.