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EA ministers press for tighter regional energy links

Energy ministers from 18 East Asian nations on September 26 issued a joint statement on the importance of fostering regional cooperation to improve energy security and access as their nations are forecast to consume 70 percent of the world’s energy by 2035.
Energy ministers from 18 East Asian nations on September 26 issued ajoint statement on the importance of fostering regional cooperation toimprove energy security and access as their nations are forecast toconsume 70 percent of the world’s energy by 2035.

Thestatement was issued at the seventh East Asian energy ministers’ meetingin Bali, Indonesia. A Vietnamese delegation led by Deputy Minister ofIndustry and Trade Le Duong Quang attended the event.

Theministers called for all necessary steps to improve energy efficiency,promote the use of renewable energy and develop necessary infrastructurein a transparent manner.

They hailed the 2013-2014 energyefficiency and conservation (EE & C) programme and Japan’s proposalon smart energy which, according to them, is crucial to improve energyefficiency in the future.

Participants shared the view that itis necessary to further study the potential of renewable energy and thebio-fuel market in the region as well as encourage their use intransport and other fields.

To push forward regional energysecurity, they appealed for the sharing of medium-and long-termprospects of energy supply-demand in the region, especially among theASEAN Centre for Energy (ACE), the International Energy Agency, theEconomic Research Institute for ASEAN and East Asia (ERIA) and concernedsides.

On the occasion, a new study on the sustainable fuelmarket in the region was launched. The ERIA was also assigned to reportthe outcomes of its studies and cooperation schemes to the future ASEANand East Asian States energy cooperation forums.

According toministers, low-carbon technology is extremely important. They exchangedtheir views on market mechanisms, technology transfer, andpublic-private partnership in the field.

The meeting lauded Japan’s proposal to hold an energy summit next year, with the participation of the private sector.

The eighth meeting will be held in Laos next year.-VNA

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