IEA warns of high oil prices if climate pledges not met

The International Energy Agency (IEA) has appealed to governments to implement their climate pledges vigorously to avoid doubling oil prices.The weak pledges made at the Copenhagen summit last year have increased the cost of meeting global climate goals by $1 trillion between now and 2035, the energy watchdog warned in its annual World Energy Outlook, published Tuesday (9 November).Due to a lack of ambition, far higher and more expensive emissions cuts will be required after 2020, ...

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