Calendar An icon of a desk calendar. Cancel An icon of a circle with a diagonal line across. Caret An icon of a block arrow pointing to the right. Email An icon of a paper envelope. Facebook An icon of the Facebook "f" mark. Google An icon of the Google "G" mark. Linked In An icon of the Linked In "in" mark. Logout An icon representing logout. Profile An icon that resembles human head and shoulders. Telephone An icon of a traditional telephone receiver. Tick An icon of a tick mark. Is Public An icon of a human eye and eyelashes. Is Not Public An icon of a human eye and eyelashes with a diagonal line through it. Pause Icon A two-lined pause icon for stopping interactions. Quote Mark A opening quote mark. Quote Mark A closing quote mark. Arrow An icon of an arrow. Folder An icon of a paper folder. Breaking An icon of an exclamation mark on a circular background. Camera An icon of a digital camera. Caret An icon of a caret arrow. Clock An icon of a clock face. Close An icon of the an X shape. Close Icon An icon used to represent where to interact to collapse or dismiss a component Comment An icon of a speech bubble. Comments An icon of a speech bubble, denoting user comments. Ellipsis An icon of 3 horizontal dots. Envelope An icon of a paper envelope. Facebook An icon of a facebook f logo. Camera An icon of a digital camera. Home An icon of a house. Instagram An icon of the Instagram logo. LinkedIn An icon of the LinkedIn logo. Magnifying Glass An icon of a magnifying glass. Search Icon A magnifying glass icon that is used to represent the function of searching. Menu An icon of 3 horizontal lines. Hamburger Menu Icon An icon used to represent a collapsed menu. Next An icon of an arrow pointing to the right. Notice An explanation mark centred inside a circle. Previous An icon of an arrow pointing to the left. Rating An icon of a star. Tag An icon of a tag. Twitter An icon of the Twitter logo. Video Camera An icon of a video camera shape. Speech Bubble Icon A icon displaying a speech bubble WhatsApp An icon of the WhatsApp logo. Information An icon of an information logo. Plus A mathematical 'plus' symbol. Duration An icon indicating Time. Success Tick An icon of a green tick. Success Tick Timeout An icon of a greyed out success tick. Loading Spinner An icon of a loading spinner.

Plea on global goal on emissions

Climate change news
Climate change news

Countries must set a global goal to slash carbon emissions to unlock more than £30 trillion needed in energy investments to tackle climate change, a report has urged.

The World Energy Council study, which draws on insights of more than 2,500 industry leaders and policy makers, also calls for a global carbon price polluters must pay for their emissions, to level the playing field between traditional and clean energy schemes.

Released ahead of key United Nations climate talks in Paris in December, the report warns uncertainty over global policies is one of the biggest obstacles to unlocking £31- £34 trillion in investments in the energy sector needed to address the problem.

Negotiators at the talks, which aim to secure a new international deal on tackling climate change, must agree a clear framework an global target to cut emissions to drive investment in clean technology such as renewables, nuclear and energy efficiency, it said.

The target must build on countries’ national plans for tackling their greenhouse gases and take their different circumstances into account.

Other measures that are needed to transform the world’s energy sector to low carbon include removing trade barriers such as tariffs for environmental goods, putting more emphasis on cutting energy demand and providing the right policy signals to scale up investment.

And a global carbon price should be set, making polluters pay for their greenhouse gas emissions in order to account for the true costs of burning fossil fuels, which would redirect investments to low-carbon alternatives such as renewables.

Joan MacNaughton, executive chairwoman, World Energy Trilemma, said: “The energy industry believes the time is ripe for stronger action on climate change, and it is more than ready to play its full part, building on the examples of leadership which some businesses are already showing.

“Our findings show that there is a real thirst for vigorous implementation of strong commitments – the focus now needs to move from negotiation to action.

“Unless this happens, it will become increasingly difficult to deliver across the three “trilemma“ goals of energy security, energy equity and environmental sustainability.

“As the energy industry is telling us, it is now time to get something done.”

The World Energy Council warned action was urgently needed as global energy demand is set to change dramatically in the next few decades, with growing economies such as Brazil, India, China and South East Asia key to tackling climate change.

Asia is set to produce almost 50% of global economic growth by 2050, with total primary energy consumption rising 45% to 48%, while the Middle East and North Africa will see energy demand double.

European economic output is expected to double in the next 35 years, but improved energy efficiency will mean that demand for power, heating and transport fuels will remain unchanged across the continent.

Recommended for you

More from Energy Voice

Latest Posts