New fossil fuel plants ‘will scupper climate aims’

There should be no place for new fossil-fuel power plants in Europe, campaigners have said, after the IEA said virtually all new energy investment must be directed toward low-carbon technologies

There should be no place for new fossil-fuel power plants in Europe, campaigners have said, after the International Energy Agency (IEA) said virtually all new energy investment must be directed towards low-carbon technologies in order to keep global temperature rise well below two degrees.

Setting out a series of scenarios for future energy supply, the IEA’s annual World Energy Outlook indicates that 95% of all emissions allowed for the sector under the aims of the Paris climate agreement are accounted for in existing or under-construction energy infrastructure.

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