The Australian British Chamber of Commerce (ABCC) is a leading organisation created to facilitate the development of business relationships among companies operating in Australia.
In line with this aim, the ABCC will be hosting the BP Australasia President in Melbourne, Victoria.
Mr Waterman will be presenting on the topic ‘Energy challenges – building strategies and solutions for a secure future’.
According to BP forecasts by 2030, the world’s population will exceed eight billion people, and global energy demand will rise by 40 per cent. Emerging economies will be responsible for 96 per cent of this growth, with China and India accounting for half of it.
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The United States will have become an energy exporter by this time, with renewables providing 11 per cent of the world’s electricity and oil accounting for 87 per cent of transport fuel. The road transport sector will double its energy efficiency and 30 per cent of the fleet will be hybrids, while global CO2 emissions could rise by 28 per cent.
Mr Waterman will explore the fundamentals of supply and demand behind these myriad statistics, explain what they might mean for Australia and outline his thinking on the policy settings required to capture sustainable economic growth going forward.
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