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UN Climate Conference: has the world reached a 'historic turning point'?

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Report summary

The UN Climate Conference (COP21) came to a close on 12 December in Paris with nearly 200 countries agreeing to a global climate accord. Hailed as a historic turning point by COP21 President Laurent Fabius the Paris Agreement delivered the ambitious goal to "hold the increase in the global average temperature to well below 2 C above pre industrial levels and to "pursue efforts to limit the temperature increase to 1.5 C." Wood Mackenzie looks at how this target could be achieved and what this means for supply/demand fundamentals in coal oil and gas.

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    UN Climate Conference: has the world reached a 'historic turning point'?

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  • Global carbon emissions
  • Global energy demand growth

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