The summit is being convened to form “a grand coalition” of energy and climate ministers with industry, finance and civil society leaders who agree to keep global warming to just 1.5 degrees Celsius higher than pre-industrial temperatures – the most conservative goal of the Paris Agreement.
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“Energy investments now face unprecedented uncertainties, with shifts in markets, policies and technologies,” said Dr. Fatih Birol, executive director of the International Energy Agency. “But the bottom line is that the world is not investing enough in traditional elements of supply to maintain today’s consumption patterns, nor is it investing enough in cleaner energy technologies to change course.”a
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