Investors, scientists urge IEA head to take bolder climate stance

(Reuters, 29 May 2020) IEA report on options for green economic recovery from coronavirus pandemic, due out in June, should align with capping global warming at 1.5C, open letter says

Fatih Birol, the head of the International Energy Agency (IEA), faced renewed calls to take a bolder stance on climate change on Friday from investors concerned the organisation's reports enable damaging levels of investment in fossil fuels.

In an open letter, investor groups said an IEA report on options for green economic recoveries from the coronavirus pandemic, due out in June, should be aligned with the 2015 Paris accord goal of capping the rise in global temperatures at 1.5C.

The more than 60 signatories included the Institutional Investors Group on Climate Change, whose members have 30 trillion euros ($33.42 trillion) of assets under management, scientists and advocacy group Oil Change International.

"Bold, not incremental, action is required," the letter said.

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Reuters, 29 Sep 2020: Investors, scientists urge IEA head to take bolder climate stance