COP21 was held in Paris last December, finding broad consensus on the need to cut emissions by the 196 parties attending COP21. However, it will not become legally binding unless 55 countries, whose CO2 emissions represent more than 55% of global CO2 emissions, sign it prior to 21st April 2017 and also adopt it legally within their own jurisdictions. The agreement calls for zero net anthropogenic greenhouse gas emissions to be reached during the second half of the 21st century and in the adopted version of the Paris Agreement, the parties will also “pursue efforts to” limit the temperature increase to 1.5 °C”. Against that background, FIS asked Commodity Technology Advisory LLC to interview three experts on what the agreement might mean for the future of the energy industry. We spoke with a cross section of the industry in terms of a ‘green’ financier and hedge fund manager in New York, an expert on and supporter of nuclear power and an expert on energy matters generally. Mr. Mark Cox, Partner and Chief Investment Officer of the New Energy Fund II, Mr. Alexander Bychov, Deputy Director General and Head of Nuclear Energy for the IAEA from 2011 to 2015, and Dr.
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