At Climate Talks, UN Calls Fossil Fuels 'High Risk' Investment

Falling oil prices show the "high risk" of fossil fuel investments compared with renewable energies, the UN's climate chief said on Monday at the start of 190-nation talks on a deal to slow global warming.

The December 1-12 meeting in Lima opened with hopes that a UN deal to slow climate change is in reach for 2015, helped by goals set by China, the United States and the European Union to cut greenhouse emissions, mainly from burning fossil fuels.

Christiana Figueres, head of the UN's Climate Change Secretariat, dismissed suggestions that a tumble in the price of oil to a five-year low on Monday could brake hopes for a shift to renewable energies as a cornerstone of the climate deal.

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