Meta Data
Draft: 
No
Revision of previous policy?: 
No
Draft Year: 
1998
Effective Start Year: 
1998
Scope: 
Multilateral
Document Type: 
Other
Economic Sector: 
Energy, Power
Energy Types: 
Oil, Power, Gas, Nuclear, Renewable, Other
Issued by: 
The Energy Ministers of Member Economies of the Asia-Pacific Economic Cooperation (APEC)
Overall Summary: 
The third meeting of APEC Energy Ministers was held on October 9-10, 1998 in Ginowan, Okinawa in Japan. Ministers discussed the serious economic situation of several APEC economies, the implications for the energy sector of the economic situation and the future energy supply and demand outlook. They considered several ways in which the energy sector can contribute to the recovery of economic growth in the region. The following aspects were taken into consideration during the discussions: 1. Energy Security; 2. Energy Infrastructure; 3. Natural Gas Initiative; 4. Energy Efficiency; 5. Interaction with Business; 6. Recommendation to APEC Economic Leaders.
Efficiency
Cooperation in EE: 
Ministers instructed the Energy Working Group to develop a program to exchange information on policies, technologies and practices to improve the efficient production, transportation and consumption of energy. ---Ministers recognized the importance of fostering continuing improvements in the production, delivery and use of energy and agreed to implement a voluntary pledge and review program comprising: [...]; sharing information and experience in achieving improved energy efficiency; and developing indicators and databases that will enable the measurement of performance over time.
Environment
Decarbonization strategy: 
Ministers encouraged greater efforts to attract private investment in advanced energy technologies as a way to produce vigorous economic growth while limiting emissions. ---Ministers emphasized the importance of regional cooperation to promote the development and deployment of energy technologies to reduce the growth of greenhouse gas emissions, noting the importance of progress in improving energy efficiency and the increased use of low or non-carbon emitting energy systems.
Cooperation in env.: 
Ministers encouraged greater efforts to attract private investment in advanced energy technologies as a way to produce vigorous economic growth while limiting emissions.---Ministers emphasized the importance of regional cooperation to promote the development and deployment of energy technologies to reduce the growth of greenhouse gas emissions, noting the importance of progress in improving energy efficiency and the increased use of low or non-carbon emitting energy systems.---Ministers emphasized the importance of regional cooperation to promote the development and deployment of energy technologies to reduce the growth of greenhouse gas emissions, noting the importance of progress in improving energy efficiency and the increased use of low or non-carbon emitting energy systems.
Energy Supply and Infrastructure
Regional integration priorities: 
[...] Ministers recognized the need to [...] promote market-driven energy infrastructure development.
Cooperation in connectivity: 
Recognizing the necessity to minimize the adverse environmental impact of new energy infrastructure development, Ministers endorsed the Recommended Work Program on Environmentally Sound Energy Infrastructure in APEC Member Economies."
Trade
Energy trade priorities: 
Considering the strong forecast growth in demand and increasing dependence on oil from outside the region, Ministers recognized the need to promote diversification of energy supply, including where appropriate natural gas, renewables and nuclear energy, [...].
Investment
Energy sector investment priorities: 
To draw the maximum potential benefits, Ministers agreed that appropriate policy reforms should be rigorously pursued in the energy sector with capacity - and infrastructure-building stimulated by investment, including from the business sector.
Independent power producers: 
Ministers discussed progress in implementing the best practice principles for independent power producers agreed at the second meeting of APEC Energy Ministers and directed the Energy Working Group to effectively follow up the implementation of these principles in close communication with the private sector.
Investment climate development: 
Ministers stressed the importance of promoting private sector participation in infrastructure development in those areas permitted by their respective legal frameworks, and re-emphasized the need for a predictable, transparent institutional and regulatory framework to enhance the investment climate. ---Ministers encouraged greater efforts to attract private investment in advanced energy technologies as a way to produce vigorous economic growth while limiting emissions.
Public Private Partnerships: 
Ministers stressed the importance of promoting energy research and development, commercial and economic transfer of environmentally sound technologies, and continuing cost-reduction in the introduction of these new technologies, with the direct participation of the business sector. ---Ministers stressed the importance of promoting private sector participation in infrastructure development in those areas permitted by their respective legal frameworks[...].
Governance
Energy management principles: 
Ministers welcomed the initiation of information sharing on oil markets, and endorsed the decision by the Energy Working Group to discuss oil supply and demand security issues. ---Ministers [...]re-emphasized the need for a predictable, transparent institutional and regulatory framework to enhance the investment climate. ---Ministers instructed the Energy Working Group to develop a program to exchange information on policies, technologies and practices to improve the efficient production, transportation and consumption of energy. ---Ministers urged continued efforts on business and government communication.-
Technology
Clean energy technology transfer: 
Ministers stressed the importance of promoting energy research and development, commercial and economic transfer of environmentally sound technologies, and continuing cost-reduction in the introduction of these new technologies, with the direct participation of the business sector.
Clean energy technology deployment: 
Ministers emphasized the importance of regional cooperation to promote the development and deployment of energy technologies to reduce the growth of greenhouse gas emissions, noting the importance of progress in improving energy efficiency and the increased use of low or non-carbon emitting energy systems.
Technology collaboration with other member States: 
Ministers emphasized the importance of regional cooperation to promote the development and deployment of energy technologies to reduce the growth of greenhouse gas emissions, noting the importance of progress in improving energy efficiency and the increased use of low or non-carbon emitting energy systems.