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IEA: Almost Too Late To Limit Global Temperature Rise To 2C

IEA: Almost Too Late To Limit Global Temperature Rise To 2C
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Τρι, 18 Οκτωβρίου 2011 - 18:30
The door may be closing on the opportunity to prevent average global temperatures from rising by more than two degrees Celsius, unless urgent, bold action is taken, said the International Energy Agency's Chief Economist, Fatih Birol, Tuesday.
The door may be closing on the opportunity to prevent average global temperatures from rising by more than two degrees Celsius, unless urgent, bold action is taken, said the International Energy Agency's Chief Economist, Fatih Birol, Tuesday.

Birol's comments came after leaked documents signaled what could be a significant shift in carbon policy for the European Union, which is for the first time questioning whether it should press ahead with plans to cut greenhouse gas emissions if other countries don't follow.

In a document seen by Dow Jones Newswires, the European Commission's energy department said the EU should consider whether the region should seek to switch its domestic energy base away from carbon emitting sources in the absence of a global climate change deal.

"To limit the temperature increase to 2 degrees Celsius is becoming much more difficult and the door may be closing if we do not act very boldly and urgently," Birol said at the IEA's Ministerial Meeting in Paris .

"This is based on the analysis of some numbers I am not allowed to share around," that will appear in the IEA's forthcoming World Energy Outlook report, he said.

Unrest in the Middle East and North Africa may delay investment in oil and infrastructure, which could have a major impact on future oil prices, Birol said on the sidelines of the IEA Ministerial Meeting in Paris .

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