The World Energy Council (WEC) has publicly voiced its support for an international agreement on climate change.
The WEC, which includes members from the private and public oil, gas, power and renewable energy sectors in 93 countries, believes a climate framework is the leading long-term issue in order to tackle financial uncertainty and prevent global warming.
The stance is supported by the International Energy Agency (IEA), which has raised concerns about the impact of predicted growth in energy demand if the current use of coal, oil, gas and renewables is maintained.
The IEA’s reference scenario estimates that energy growth could raise greenhouse gas emissions to about 40 gigatonnes by 2030 compared to the 28 this year.
In recent weeks, hope that the December 7-18 UN climate change talks in Copenhagen would result in a binding agreement on reducing emissions have taken a significant blow.
Instead, it seems the 192 countries involved will prepare the way for a binding pact next year to follow on from the Kyoto Protocol, which expires in 2012.