Oil, gas producers encouraged to do more on emissions Cost of capital higher in emerging markets Insufficient money being invested in clean energy projects in countries with emerging markets compared with countries with advanced markets will make it difficult to reach a global target of net-zero carbon emissions by 2050, the executive director of the International Energy Agency, Fatih Birol, said June 21. Receive daily email alerts, subscriber notes & personalize your experience. Register Now During a webcast with academic researchers organized by the Brookings Institution, Birol urged governments to implement policies that will spur more investment in emerging countries like India, Brazil and Mexico. With high borrowing costs in emerging markets because of large debt burdens, international banks will need incentives to shoulder the risk, he said. While the North American oil and gas industries have been pursuing […]