Can the baby tame the tiger?
Energy ministers from the fledgling Asia Pacific Economic Cooperation Forum (APEC) took the first steps towards an ecologically sustainable future at a meeting in Australia recently.
With a dramatic increase in electricity demand predicted in the APEC bloc, steps must include the most basic tenet of competitive markets, i.e. price reflecting true cost, as well as technology transfer, research, and co-operative joint ventures. Australia, the world's largest exporter of coal, with its numerous subsidies to the fossil fuel industry will be hard tested.
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