IEA bids to keep alive, without the economic growth to damage climate targets

The International Energy Agency has today urged Governments to place four energy policy set to, which it claims "climate goals alive are without economic growth to damage".

To speak in London, IEA Executive Director Maria van der Hoeven said: "climate change has slipped frankly on the backburner of pushed political priorities. "But the problem is not way - on the contrary."

The IEA wants to watch, said a global temperature rise of no more than 2 ° C by 2020, but van der Hoeven, was the figure of 3.6 to 5.3 ° C.

Still, she stressed that "much more to be done, energy sector emissions without economic growth put at risk - a major concern for many Governments to combat".
Last year in the United States, a transition from coal to gas power generation helped retrieve emissions by 200 million tons (Mt) emissions to levels of mid-1990s. Meanwhile, China experienced the largest increase in CO2 emissions (300 mt), "but the rise was one of the lowest in a decade it has powered through the use of renewable energy and improvements in energy intensity", the IEA says.

The IEA wants Governments around the world four measures in policy:
Targeted measures for energy efficiency in buildings, industry and transport;Limitation of the construction and the use of the least efficient coal plants.Actions to halve releases into the atmosphere from the upstream oil and gas industry expected methane (a powerful greenhouse gas); Implementing a partial phase-out of fossil fuel consumption subsidies.

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Oil Near $87 Amid Improving US Economic Signs

SINGAPORE – Oil prices rose to near $87 a barrel Monday in Asia after improved U.S. retail sales added to hopes that the world's biggest economy will avoid a recession this year.

Benchmark crude for November delivery was up 17 cents at $86.97 a barrel at midday Singapore time in electronic trading on the New York Mercantile Exchange. The contract rose $2.57 to settle at $86.80 in New York on Friday.

Brent crude was up 20 cents at $112.43 a barrel on the ICE Futures Exchange in London.

The U.S. government reported Friday that retail sales rose 1.1 percent in September, the biggest gain in seven months.

"The retail sales report was encouraging for both the energy market and the health of the general economy," energy trader and consultant The Schork Group said in a report. "Now let's see how long this lasts until European debt concerns send us reeling again."

Crude has jumped about 16 percent from $75 earlier this month amid growing optimism that European leaders will unveil a convincing plan next week to contain the region's debt crisis.

Traders will also be closely watching a slew of corporate earnings announcements this week, including banks Citigroup and Wells Fargo later Monday and Coca-Cola, Apple and Bank of America on Tuesday.

In other Nymex trading, heating oil was steady at $3.05 per gallon and gasoline futures gained 0.8 cent to $2.78 per gallon. Natural gas added 3.5 cents to $3.74 per 1,000 cubic feet.

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