Dozens of business leaders, climate advocates, investors, and researchers have urged the International Energy Agency (IEA) to align its energy system projections with the Paris Agreement’s 1.5C scenario ahead of an upcoming report that is set to guide governments’ coronavirus recovery efforts. In an open letter published today, leaders from Ikea and Unilever, the C40 alliance of mayors, key architect of the Paris Agreement Christiana Figueres, and former president of Ireland Mary Robinson have called on the influential agency to update its energy modelling before it publishes a seminal report on Covid-19 recovery. The IEA’s flagship World Energy Outlook series of reports has long steered major investment decisions made by governments, companies, and investors around the globe, and its upcoming special report “could be the most influential ever”, according to the signatories to the letter. The analysis, due to be published on 18 June, is expected to include recommendations to governments on how to stimulate economies and revive a moribund energy investment climate following the pandemic while also generating jobs and building a more resilient and cleaner energy sector.
Business Green 29th May 2020 read more »