APEC energy ministers highlight importance of low carbon development

LAPU-LAPU CITY, Cebu, Oct. 14 (PNA) -- Asia-Pacific Economic Cooperation (APEC) energy ministers have reaffirmed the importance of low carbon development to achieve individual and regional economic aspirations.

"We commend the significant progress of the APEC Low-Carbon Model Town Project, where the concept and the indicators for APEC Low-Carbon Town are being developed," the APEC ministers said in a joint statement issued on Tuesday.

"We view environmental sustainability as equally important with economic prosperity, and recognize the important role of the market in providing efficient, cost-effective energy technology solutions and energy resources."

They further said that the APEC region's future economic growth will be supported by an appropriate mix of energy resources and power generation technologies that includes both conventional and renewable energy, giving priority to clean energy sources and enhanced energy efficiency.

To achieve this, the energy ministers agreed to build on synergies among the member economies aimed at maximizing strengths from each economy, thus minimizing costs of policy implementation.

In transitioning to a low-carbon economy, APEC economies agreed to explore the contribution of clean energy technologies and energy-efficient initiatives in the transport and power sectors.

These may include biofuels, civil nuclear power, advanced coal technologies, liquefied natural gas, as well as solar, wind, and marine energy technologies.

The ministers said they will strive to attain the APEC’s aspirational goal of doubling the share of renewables in the APEC energy mix, including in power generation, from 2010 levels by 2030.

"We strongly encourage the acceleration of renewable energy development and deployment toward this end," they said in the statement.

During a press conference on Tuesday, Energy Secretary Zenaida Monsada announced the selection of Mandaue City for the implementation of Phase 6 of the Low Carbon Model Town Project.

Mandaue City is entitled to a feasibility study grant that would determine policy program measures to attain its targets for green technology opportunities, particularly in building infrastructure, urban planning and the transport sector. (PNA)

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