Water Week

EWN Publishing

Australia’s big plan: huge greenhouse credits from CO2 dumps and stopping forest-clearing in Asia

Posted by waterweek on 19 September 2007

APEC economies accounted for over half of the world’s energy use, economic output and greenhouse gas emissions and over a third of the world’s population, says the report Energy Security, Clean Technology Development and Climate Change: addressing the future challenges in APEC, released by ABARE Executive Director Phillip Glyde on 10 September 2007.

Energy consumption up 140pc by 2050: “Under current policy settings, energy consumption in APEC economies was projected to increase by about 140 per cent between 2004 and 2050. By 2050, greenhouse gas emissions were projected to be about 130 per cent higher in APEC economies relative to 2004 levels. “With energy consumption in APEC economies projected to increase by 140 per cent, investment in technologies to reduce greenhouse gas emissions is crucial,” Glyde explained.

Emissions could be almost halved: “Investment in cleaner, more advanced and energy efficient technologies could reduce emissions in the APEC region by about 49 per cent relative to what would otherwise be the case at 2050. “In order to achieve further reductions in emissions, governments may also choose to increase terrestrial sinks in forestry areas by fostering sustainable forest management and lowering the rate of deforestation. APEC economies in particular have a role to play here as they account for around 54 per cent of the global managed and natural forest area,” Glyde said.

Slowing down deforestation one key: “If APEC were able to halve current deforestation rates in tropical Asian member economies over the period 2009-50 this would lead to an estimated 70 per cent fall in forestry related emissions in these economies at 2050 compared with what otherwise would be the case, according to the scenarios analysed in the report. “The weight of global economic activity has shifted to the APEC region in recent years. Access to affordable and reliable energy supplies and open markets for trade and investment will allow the economic success of APEC to continue,” Glyde stressed.

Reference: Dr Don Gunasekera, Chief Economist, Phone: (02) 6272 2040; or mobile: 0411 026 985. For free downloads of the report Energy Security, Clean Technology Development and Climate Change: addressing the future challenges in APEC, please visit the ABARE web site http://www.abareconomics.com or contact Publications, Phone: (02) 6272 2010.
For general media enquiries, contact Maree Finnegan, Media Coordinator, Phone: (02) 6272 2260. Mobile: 0417 689 567. Email: mfinnegan@abare.gov.au

Erisk Net, 10/9/2007

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