Climate change: Investors wants world energy body to support Paris accord
Fatih Birol, the head of the International Energy Agency (IEA), faced renewed pressure on Monday to overhaul the organisation’s influential projections for fossil fuel demand from investors and scientists concerned about climate change.
Pension funds, insurers and large companies were among 65 signatories of a joint letter to Birol, seen by Reuters, urging him to do more to support the implementation of the 2015 Paris Agreement to avert catastrophic global warming.
“The year 2020 marks a turning point for the world – the year when we either grasp the challenges and opportunities before us, or continue delaying and obstructing the low-carbon transformation,” the letter said.
The letter represented the first coordinated response by investors, scientists and campaigners pushing Birol to rethink the Paris-based organisation’s flagship annual outlook since the latest edition was launched on Nov. 13.
