UN's climate change bureaucrat sees record oil price as a positive

UN's climate change guru sees record oil price as a positive | TFN News | Static News | News | Hemscott

MADRID (Thomson Financial) - The UN's top climate change official said Thursday that record oil prices, which have surged to $146 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 Agence France-Presse.

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