UN climate deal to boost clean power, curb coal: UBS

摘要

The UN global climate negotiations in Paris starting Mondayare likely to drive further investment in renewable energy, prompt aswitch to electrification in heating and transport and further curb coalfiredpower, Swiss bank UBS said in a research note Monday.The 21st Conference of Parties (COP21) to the UN FrameworkConvention on Climate Change aims to produce a legally binding globaltarget for a decarbonized economy; a mechanism to periodicallymonitor those efforts; and to implement accountability to holdgovernments to their targets, all under an overarching global agreement to limit global warming to no more than 2 degrees Celsiusfrom pre-industrial levels.