Meta Data
Draft: 
No
Revision of previous policy?: 
No
Draft Year: 
1997
Effective Start Year: 
1997
Scope: 
Multilateral
Document Type: 
Other
Economic Sector: 
Energy, Power
Energy Types: 
All, Coal, Oil, Power, Gas, Renewable, Other
Issued by: 
The Energy Ministers of Member Economies of the Asia-Pacific Economic Cooperation (APEC)
Overall Summary: 
The Declaration of the second meeting of APEC Energy Ministers was held on August 26-27, 1997 in Edmonton, Alberta, Canada. During the meeting, Ministers reaffirmed their general commitment to work together to ensure that the Asia Pacific region’s future energy needs are met consistently with environmental and social objectives. Ministers’ discussions focused on the pursuit of the simultaneous objectives of meeting the region’s aspirations for economic growth and social development; enhancing energy security; and mitigating the impact of energy on the environment. Ministers agreed that: a. the economic and social benefits of the region’s energy supply and use will be maximised through efforts to enhance the efficiency and openness of regional energy markets; b. the sustainable development of the region would best be achieved through improved energy efficiency and conservation and the development of the region’s indigenous energy sources, including renewable sources of energy; c. the facilitation of business investment in the power sector is an important element in meeting the energy requirements of the region; and d. the economic, social and environmental aspirations of the region will be enhanced over time through the development and application by each member economy of consistent, transparent, and predictable environmental practices as energy infrastructure is developed. The Energy Working Group was also instructed to address the concerns related to the importance the private sector places on the openness, transparency, and predictability of investment rules and trading regimes as key requisites for increased flows of private capital into the energy sector.
Efficiency
EE priorities: 
Ministers agreed that: [...] b. the sustainable development of the region would best be achieved through improved energy efficiency and conservation and the development of the region’s indigenous energy sources, including renewable sources of energy.---[...] Ministers agreed on the importance of the efficient use of energy and confirmed that enhancing energy efficiency is a key element in addressing climate change. [...].
Cooperation in EE: 
Ministers agreed to pursue a multilateral approach for the acceptance of results from accredited energy efficiency testing facilities for all APEC economies.[...] . In the event of the adoption of a new standard within their economy that varies from those already in use, they agreed to notify other economies and make available the standard to them.---Ministers instructed the Energy Working Group to continue to pursue economic and technical co-operation in the region, and actively promote multilateral co-operation in the region aimed at enhancing energy efficiency.
Environment
Energy environmental priorities: 
[T]he economic, social and environmental aspirations of the region will be enhanced over time through the development and application by each member economy of consistent, transparent, and predictable environmental practices as energy infrastructure is developed. ---Ministers also recognised the importance of accelerating action to deal with global emissions of greenhouse gases. ---Ministers agreed that the development of energy resources in an environmentally and socially responsible manner is integral to the sustainable development of the Asia Pacific region.
Carbon markets: 
Ministers also noted the importance of the development of market opportunities related to the reduction of greenhouse gas emissions.
Cooperation in env.: 
Ministers considered and endorsed a set of non-binding principles promoting the incorporation of good environmental practices into the development of power projects, and agreed to consider incorporating them flexibly within their domestic policy deliberations.
Energy Supply and Infrastructure
Regional integration priorities: 
Ministers agreed that: a. the economic and social benefits of the region’s energy supply and use will be maximised through efforts to enhance the efficiency and openness of regional energy markets [...].
Cooperation in connectivity: 
Ministers further agreed that the concerted efforts of the region’s governments, in partnership with business and civil communities, are needed to facilitate the development of efficient and environmentally sound energy infrastructure.
Trade
Energy trade priorities: 
Ministers agreed that: a. the economic and social benefits of the region’s energy supply and use will be maximised through efforts to enhance the efficiency and openness of regional energy markets [...].
Investment
Independent power producers: 
In order to attract private capital, Ministers agreed that a predictable, transparent institutional and regulatory framework was required. Ministers endorsed the non- binding principles contained in the Manual of Best Practice Principles for Independent Power Producers.
Investment climate development: 
Ministers agreed that: [...] c. the facilitation of business investment in the power sector is an important element in meeting the energy requirements of the region.
Governance
Energy management principles: 
Ministers agreed that substantial progress has been made in implementing the Energy Policy Principles adopted at the first meeting of Energy Ministers in Sydney, and pledged to continue their efforts to incorporate them into their domestic policy deliberations. ---In order to attract private capital, Ministers agreed that a predictable, transparent institutional and regulatory framework was required.---Ministers also recognised the valuable contribution that the business sector was making to the activities of the Energy Working Group. Accordingly, Ministers instructed the Energy Working Group to look at appropriate mechanisms to improve and sustain the interface between the Group and the business sector, and to report to Ministers at their next meeting.
Technology
Clean energy technology priorities: 
Ministers also agreed that the regular exchange of information on current, efficient and clean technologies would assist member economies to meet their environmental goals. --- Ministers also endorsed the Energy Working Group’s efforts in encouraging the economic use of new and renewable energy sources, promoting the clean use of fossil fuels and related technologies, and actively pursuing the development of open, efficient markets for energy in the APEC region. ---Over the longer term, the objective is to ensure that energy does not become an impediment to the region’s sustainable growth and prosperity.
Clean energy technology transfer: 
Ministers agreed that the continued information sharing and technology co-operation is essential to maximising the energy sector’s contribution to the economic and social well being of the region.
Technology collaboration with other member States: 
Ministers agreed that the continued information sharing and technology co-operation is essential to maximising the energy sector’s contribution to the economic and social well being of the region.