Getting to grips with the fuel crisis

Wednesday, 09 August 2006 03:35

The Centre’s Green Capital Program, has set up a project for business and environment groups to work together on the twin problems of increasing demand for oil and dwindling reserves that are driving higher fuel prices.

“As we are already seeing, increased prices affect different sectors as well as a general impact on macro-economic indicators and policy.  We are keen to see what the risks and opportunities are for environmental sustainability.  We can’t just let the situation run away from us,” Mr Angel said.

“We will be receiving briefings from the team at Sydney University and CSIRO that delivered the widely reported ‘Balancing Act’ with a quantitative index of sectors ranked by exposure to liquid fuel costs and expert risk analysis by leading economists Dr Shane Oliver of AMP Capital Investors and Jeff Oughton of National Australia Bank.”

“The results will be part of ‘Fuelling the Future, Clean Solutions for Crude Problems’, to be held on the 29th August in Sydney and 5 September in Melbourne.

“Environmentalists are as much concerned about economics as the condition of the environment, as we are well aware of the interactions between the two.  We want to be part of the solution in a way that advances environmental sustainability, as opposed to making it an option that is discarded at the first panic about oil supplies,” Mr Angel said.

For more information on Fuelling the Future, please go to: http://www.greencapital.org.au/