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UN's climate change guru sees record oil price as a positive
Enviromental Headlines; Climate Change

MADRID (AFP) — The UN's top climate change official said Thursday that record oil prices, which have surged to 146 dollars a barrel, were positive for the environment.

"I think they are a net positive. First of all you see that through decreasing demand in Europe and North America where people are becoming much more conscious of petrol prices," Yvo de Boer told AFP.

"High oil prices also improve the competitiveness of renewable sources of energy and make it more interesting to focus on energy efficiency," he added.

Agence France-Presse

Posted on Friday, July 04 @ 16:26:55 PDT by coyote
 
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Re: UN's climate change guru sees record oil price as a positive (Score: 1)
by Peleg on Friday, July 04 @ 23:56:30 PDT
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Yes, as a growth limiter on GHGe's high gas prices will mitigate future climate change somewhat.  However, he is clearly not taking peak oil into account in the anlysis since high gas prices could become severe enough to destroy the US economy.  It has been shown that affluent nations tend to show more concern for the environment long term.  Severe climate change is already wired into the system even if we stopped producing GHGe's today.  The issue of current deep concern should be peak oil, although the two issues do have the same general solution.



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