What's more, around 80 per cent of the predicted 2020 emissions from power stations are already "locked in" – from stations that are already built or under construction.
"This significant increase in CO2 emissions and the locking in of future emissions due to infrastructure investments represent a serious setback to our hopes of limiting the global rise in temperature to no more than 2 °C," Fatih Birol, chief economist at the IEA, said in a statement.
So should policy-makers focus on adapting to the effects of climate change rather than trying to mitigate its cause?
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