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Factbox: IEA's urgent fossil fuel warning earns mixed reception from producers


Sustainable BusinessFactbox: IEA s urgent fossil fuel warning earns mixed reception from producers
Reuters
5 minute read
Steam and other emissions rise from a power station in Belgrade February 7, 2012. REUTERS/Marko Djurica
A stark appeal by the world s top energy body to stop investment in new fossil fuel projects by next year has met a mixed reception from the world s top producers - from guarded praise and pledges to cut back on coal to outright defiance.
The International Energy Agency said in its Net Zero by 2050 report last week that investors should not fund new oil, gas and coal supply projects beyond this year if the world wants to reach net zero emissions by mid-century and meet the goals of the 2015 Paris Agreement on climate change. read more ....

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