APEC member economies have long supported the development of clean and renewable energy. The 2011 APEC Economic Leaders’ Declaration called on economies to speed up the transition towards a global low-carbon economy in a way that enhances energy security and supports APEC's aspiration to reduce aggregate energy intensity by 45 percent by 2035. The 2012 Leaders’ Declaration also recognized the need to further promote energy efficiency and cleaner energy supplies as a priority to boost sustainable development and energy security, and reduce carbon emissions.
This year, emphasis has been placed on energy security as an important ingredient towards sustainable growth and equitable development in our region. APEC member economies need to strengthen their works to promote clean and renewable energy resources. To this end, we supported the outcome of the Conference on Clean, Renewable, and Sustainable Use of Energy in the Asia Pacific Region held in Bali in September 2013.
Under the APEC framework, while taking into consideration the circumstances of individual economies, we encourage concrete actions to facilitate the development clean, renewable and sustainable energy use through (i) Boosting Investments in Clean Energy and Renewables, (ii) Capacity Building and Technical Cooperation, (iii) Fostering Cooperation on Clean and Renewable Energy Development Projects, and (iv) Enhancing Energy Efficiency to Support Sustainable Cities, Communities and Industries. These actions could include:
a) Developing and sharing information and best practices on appropriate policies, laws and regulations that support the implementation of these objectives.
b) Encouraging APEC member economies to manage their dependence on oil and broaden use of natural gas for transportation through policies and measures to promote energy efficiency in transportation and to diversify the fuel mix.
c) Recognizing the importance of sustainable energy, as one of the contributing factors to our energy security and to the reduction of global greenhouse gas emissions. Such concerns have long been a priority in many member economies. We recognize that energy sustainability is dependent on a transformation of energy systems along low-carbon pathways and the efficient use of energy resources. We are also cognizant that amongst the key components to achieve sustainable energy use are the balanced development and utilization of clean and renewable energy, the efficient and smart usage of our energy resources, and energy efficient homes, transportation and industry.
d) Developing conducive policies and regulations in open and transparent regulatory systems for the promotion of private sector financial investment in the clean and renewable energy sector.
e) Reaffirming our commitment to rationalize and phase out inefficient fossil fuel subsidies that encourage wasteful consumption, while recognizing the importance of providing those in need with essential energy services, continuing to build regional capacity, welcoming the development of a methodology for a Voluntary Peer Review Mechanism of these inefficient fossil fuel subsidies and the initiation of economy-owned peer reviews and use of the voluntary reporting mechanism, and encouraging broad voluntary participation in these reviews as a valuable means of enhanced transparency and accountability.
f) Encouraging policies and sharing best practices to boost clean and renewable energy development, and stimulate growth of industries and jobs throughout the APEC region.
g) Promoting trade and investment in clean and renewable energy goods and services.
h) Recognizing the importance of cross-border mechanisms, such as the Joint Crediting Mechanism (JCM), to disseminate low-carbon and clean and renewable energy to achieve sustainable growth.
i) Strengthening technical capabilities in sustainable energy development as well as the exchange of knowledge and best practices to boost trade and investment.
j) Acknowledging that further cooperation amongst relevant APEC member economies to engage in optimum and sustainable bio-energy development projects could help make APEC a world leader in bio-fuels production without compromising food security, environment and wildlife habitat. This cooperation could make significant contributions to energy conservation and to mitigating the impact of global climate change.
k) Strengthening regional and international cooperation to advance clean and renewable technology development and enhance deployment, and encourage all APEC member economies to cooperate proactively to meet the challenges of clean and sustainable energy future.
l) Encouraging the APEC Energy Working Group (EWG) to expand engagement in the following types of activities, working with other APEC fora and Working Groups, existing APEC entities, such as the Asia-Pacific Energy Research Center (APERC) and other organizations and networks, where appropriate, to advance the aforementioned objectives by:
- Strengthening mutual cooperation on energy, specifically clean and renewable energy and energy efficiency, among APEC member economies, with the aim of achieving enhanced energy security and sustainable development in the APEC region;
- Creating an environment that supports greater private sector investments in clean and renewable energy as well as supporting supply chains;
- Increasing the capacity of APEC member economies by sharing knowledge and information, policy best practices, and conducting technology demonstrations and rigorous capacity building programs in all aspects of clean and renewable energy development; and
- Developing a comprehensive Work Plan of APEC projects to help implement the above concrete actions.
- Working with existing organizations and networks, where appropriate, to advance the goals outlined above.