APEC’s Energy Ministers from the 21 APEC member economies wrapped up their meeting on Tuesday in Cebu, the Philippines by adopting the Cebu Declaration on the region’s energy priorities.
Ministers instruct the region’s energy stakeholders to promote and collaborate on initiatives under the theme: “Towards an Energy Resilient APEC Community,” as well as create a task force on energy resilience to implement the following:
Disaster-proofing of energy infrastructure
Advancing cutting-edge energy efficiency technologies
Promoting community-based clean energy use in energy poverty-stricken areas
Improving energy trade and investment in APEC
In their statement, the ministers affirm the importance of energy resiliency and energy security in the energy trade and investment framework. They also welcomed the new APEC Initiative for Enhancing the Quality of Electric Power Infrastructure.
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