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
"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
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)