From: Reuters
By Alister Doyle, Environment Correspondent
Christiana Figueres, Executive Secretary,
United Nations Framework Convention on Climate Change (UNFCCC), takes
part in a session labeled ''Vital Resources: Doing More with Less'' at
the Clinton Global Initiative 2013 (CGI) in New York September 25, 2013.
Credit: Reuters/Carlo Allegri
(Reuters) - The U.N.'s climate chief called on the oil and gas industry
on Thursday to make a drastic shift to a clean, low-carbon future or
risk having to leave three-quarters of fossil fuel reserves in the
ground.
"The time for experimentation, for marginal changes and for conditional response is now over," Christiana Figueres told the International Petroleum Industry Environmental Conservation Association (IPIECA) in a speech in London.
She urged an "urgent transformation" to greener production after top scientists warned on Monday that climate change would damage food supplies, slow economic growth and aggravate the underlying causes of armed conflicts.
Limiting global warming to an agreed U.N. ceiling "means that three quarters of the fossil fuel reserves need to stay in the ground, and the fossil fuels we do use must be utilized sparingly and responsibly," she said.
Oil and gas firms say they are addressing global warming, for instance by focusing on energy efficiency and low-carbon technologies. MORE
"The time for experimentation, for marginal changes and for conditional response is now over," Christiana Figueres told the International Petroleum Industry Environmental Conservation Association (IPIECA) in a speech in London.
She urged an "urgent transformation" to greener production after top scientists warned on Monday that climate change would damage food supplies, slow economic growth and aggravate the underlying causes of armed conflicts.
Limiting global warming to an agreed U.N. ceiling "means that three quarters of the fossil fuel reserves need to stay in the ground, and the fossil fuels we do use must be utilized sparingly and responsibly," she said.
Oil and gas firms say they are addressing global warming, for instance by focusing on energy efficiency and low-carbon technologies. MORE
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