International Energy Agency News

AXA Joins Growing List of Companies Committed to Using Renewable Energy

AXA SA and Burberry Group Plc are joining an array of companies committing to going green. Burberry expects to source all of its electricity from clean energy by 2022, while Copenhagen-based international brewing company Carlsberg A/S plans to switch to …

World’s Renewable Energy Projects Fall Short of Paris Climate Goals: IEA

Barely one tenth of renewable energy technology is ready to meet long-term climate change targets as governments have failed to adequately support large-scale deployment, a report by the International Energy Agency showed on Tuesday. Under a global climate pact, called …

10 Oil & Gas Bosses Seek to Improve Image Before Climate Change Summit

Oil and gas industry bosses called for an “effective” agreement at the United Nations climate change summit in December, recognizing that current greenhouse gas emissions were inconsistent with the goal of limiting global warming. The leaders of 10 companies said …

Insure Against Risk of Climate Catastrophe: Peter Orszag in Bloomberg View

“Go Set a Watchman” isn’t the only book this year that brings new perspective to an old story line. “Climate Shock: The Economic Consequences of a Hotter Planet” should shift our narrative on climate change. The old story line: People …

AXA Plans to Sell Coal Assets, Citing Concerns About Climate Change

France’s largest insurer will scrap holdings in coal companies because of concerns about climate change, broadening support for the fossil-fuel divestment movement to a major mainstream investor. AXA SA Chief Executive Officer Henri de Castries said he’s working to sell …

Stable Emissions Show Growth & Mitigation Possible: World Bank Envoy

A report showing that global emissions were unchanged last year shows economic growth is possible amid the fight against climate change, a World Bank official said. Carbon-dioxide emissions were stable at 32.3 billion metric tons, even as the global economy …

Even Richer Nations Face Climate ‘Danger Zone,’ Scientists Say

With prospects of containing global warming slipping away, a team of scientists urged policymakers to redouble their efforts to rein in pollution, saying human activity risks turning even rich nations into a “danger zone.” The researchers led by Stockholm University …