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APEC Business Advisory Council talks about need to link climate change, environment and energy security; but sidesteps carbon controls

Posted by gmarkets on 3 September, 2007

The APEC Business Advisory Council (ABAC) was established in 1995 to provide practical business input into the regional group that has rapidly expanded to include a leaders’ summit and an ever-growing list of programs, wrote Greg Earl in The Australian Financial Review (3/9/2007, p.B5). Mission-creep: But a decade on, the group of 60 business people has suffered some of the same mission-creep that dogged the wider organisation: their reports were too long, sometimes echoed old issues and sounded like they came from bureaucrats. This year’s ABAC report marked a significant shift away from the group’s focus in recent years on the Doha round of multilateral trade talks towards the need to link climate change, environment and energy security.

Soft-shoe shuffle: But it sidestepped taking a clear stand on the controversial issue of how to control carbon emissions and instead called for a “transparent and consistent policy framework” to provide business with the certainty necessary to invest in low emissions and energy-efficient technology. Some ABAC members have tried to focus leaders on practical issues like standards harmonisation – a particular interest of Australian member Michael Crouch, the executive director of Zip Industries – rather than grand visions.

The Australian Financial Review, 3/9/2007, p. B5

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