10 Nov 2010 12:11:00
IEA: World 'will not meet Copenhagen Accord targets'
Collective national commitments to reduce greenhouse gases are not likely to be enough to meet the targets set out in the Copenhagen Accord, according to the International Energy Agency (IEA).
In its latest World Energy Outlook, the IEA claimed that, despite progress being made in the field of renewable energy, it will be incapable of keeping global warming beneath the two degree C limit laid out in the agreement.
The agreement, which was signed in 2009, has already received much criticism, with many claiming that the pledges made were too weak.
Fossil fuel consumption is predicted to increase carbon emissions related to energy until 2035. The IEA said that therefore the emissions reductions needed after 2020 are simply unattainable and will make it "all but impossible" to stick within the two degree C limit.
Nobuo Tanaka, executive director of the IEA, described the Copenhagen Accord and agreements to remove certain subsidies as "important steps forward".
"But, these moves still fall a very long way short of what is required to set us on the path to a truly sustainable energy system," he said.
Mr Tanaka added that the removal of subsidies for fossil fuels is "the single most effective measure to cut energy demand".