Nick Stern says zero electricity emissions needed by 2050 in the developed world if 2°C climate targets are to be met.
IEA chief Fatih Birol says slowing China coal demand “excellent news for everybody” …except for investors in long-life coal assets.
Ernest Moniz says emission cuts of 80 to 100 per cent are needed, cites plunging cost of wind, solar and LED, but action must accelerate.
IEA chief Fatih Birol says current low oil and coal prices provides “fertile ground” for the phase-out of $500bn a year fossil fuel subsidies.
Former US vice president says evidence for climate change “as clear as for gravity”, and investors who failed to see this would be left holding trillions of dollars of stranded assets.
Latest stocktake of global divestment movement reveals 500 institutions representing $US3.4 trillion in assets now involved, including Australia’s City of Melbourne and 14 local councils.
Study finds pollution from new coal fired power plants could take emissions from the sector 400% higher than levels needed to stay below 2°C.
India and France announce formation of International Solar Alliance, saying fossil fuels are technologies of the past, and solar is key to universal access.
Wealthy countries should not try to welch on their promise of finance for developing countries to adapt to climate change.
The goal of decarbonising the global economy must be included in any agreement to come out of the Paris climate convention meeting in December.