Water Week

EWN Publishing

Pacific Economic Co-operation Council’s survey: 84pc of respondents rank high energy prices as threat to economic growth over next five years

Posted by waterweek on 18 September 2007

The Pacific Economic Co-operation Council’s State of the Region survey of business, government, academic and media bodies found that 84 per cent of respondents ranked high energy prices as a threat to economic growth over the next five years. However, it would appear Australia is one of the countries with the least to fear, being ranked third-highest in energy security among APEC nations in the survey released at the APEC-embedded industrial lobby group, the APEC Business Advisory Council in Sydney. Only Peru and China had better ratings in terms of the impact an energy price rise would have on national economic growth, while Vietnam, Indonesia and Mexico were ranked as the worst, wrote The Australian (6/9/2007, p.25).

Water the next worse risk: Water pollution and shortages of water ranked as the second-biggest hurdle to economic growth, with 79 per cent rating it as a threat, while global warming was cited by 74 per cent of respondents. Protectionism was ranked as a threat by 74 per cent of the respondents.

The Australian, 6/9/2007, p. 25

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