Download IEN Consultant's input to the event "Does Cheap Oil Weaken the Case for Energy Efficiency?" The answer is a resounding "No", because fossil fuels are significantly underpriced in Malaysia as their true cost to society (pollution and adverse health effects) are not captured. In fact, even if oil was free of charge, one would still have to pay a higher price at the petrol station that one does today from the negative costs to society.
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IEN's inputs:
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