Meta Data
Draft: 
No
Revision of previous policy?: 
No
Draft Year: 
2007
Effective Start Year: 
2007
Scope: 
Multilateral
Document Type: 
Other
Economic Sector: 
Energy, Power
Energy Types: 
All, Coal, Oil, Power, Gas, Nuclear, Renewable, Other
Issued by: 
The Energy Ministers of Member Economies of the Asia-Pacific Economic Cooperation (APEC)
Overall Summary: 
The Energy Ministers of the APEC economies, gathered for the eighth time in Darwin, Australia, on 29 May 2007 under the theme “Achieving Energy Security and Sustainable Development through Efficiency, Conservation and Diversity”. They agreed that energy security is fundamentally linked to economic, social and environmental well-being. The following themes were addressed: energy supply, including the achievement of oil security; energy efficiency and conservation; the promotion broader energy cooperation.---Note: Joint Oil Data Initiative (JODI).
Efficiency
EE action plans: 
We encourage APEC economies to individually set goals and formulate action plans for improving energy efficiency on an overall and/or sector basis.
EE transport standards : 
We direct the EWG to develop best practice principles for energy efficient transport.---We encourage APEC economies to manage their growing dependence on oil for transportation through policies and measures to promote energy efficiency in transportation and to diversify the fuel mix using cleaner fuel sources.
Cooperation in EE: 
We direct the EWG to collaborate with the IEA to develop energy efficiency indicators and compile best practices that can be used to help formulate and track progress towards such voluntary goals and action plans. ---We direct the EWG to strengthen efforts to share information on energy efficiency policies and measures, identify effective energy efficiency approaches and review progress towards efficiency goals. ---We encourage APEC economies to contribute to and utilise the APEC Energy Standards Information System (ESIS).---[W]e direct the EWG to develop a voluntary Energy Peer Review Mechanism, with an initial focus on progress toward attaining energy efficiency goals.
Renewable Energy
RE priorities: 
We encourage APEC economies to manage their growing dependence on oil for transportation through policies and measures to promote energy efficiency in transportation and to diversify the fuel mix using cleaner fuel sources.
Environment
Pollution control action plans: 
We direct the EWG to progress the development of clean fossil energy technologies, including carbon capture and storage.
Decarbonization strategy: 
We encourage intensified efforts to develop and deploy techniques for the cost-effective use of non-food feedstocks, such as farm and forest residues and grasses, which hold the greatest potential for expanded biofuels production and greenhouse gas reductions.
Energy Supply and Infrastructure
Regional integration priorities: 
[W]e encourage APEC economies to participate in the Real-Time Emergency Information Sharing System (RTEIS) and to develop and communicate emergency mechanisms and contingency plans, including through the APEC Taskforce for Emergency Preparedness and also through enhancing the RTEIS to facilitate the establishment of an APEC Rapid Response Points of Contact Network for the Protection of Critical Energy Infrastructure to help minimise the potential for supply disruptions and to better protect critical energy infrastructure, including for maritime transportation.---We direct the EWG to strengthen efforts to share information on energy efficiency policies and measures, identify effective energy efficiency approaches and review progress towards efficiency goals. ---We encourage APEC economies to contribute to and utilise the APEC Energy Standards Information System (ESIS).---[W]e encourage interested APEC economies to join the EWG’s Ad-Hoc Group on Nuclear Technologies and to ensure that the safety, security, seismic, health and waste handling aspects, including trans-border effects, of civilian nuclear energy are adequately addressed.
Cooperation in connectivity: 
[W]e encourage APEC economies to participate in the Real-Time Emergency Information Sharing System (RTEIS) and to develop and communicate emergency mechanisms and contingency plans, including through the APEC Taskforce for Emergency Preparedness and also through enhancing the RTEIS to facilitate the establishment of an APEC Rapid Response Points of Contact Network for the Protection of Critical Energy Infrastructure to help minimise the potential for supply disruptions and to better protect critical energy infrastructure, including for maritime transportation.
Trade
Energy trade priorities: 
To ensure sufficient investment in refining capacity to meet growing demand, including for cleaner fuels, we encourage APEC economies to: [...] • facilitate freer trade of oil products; [...].
Investment
Energy sector investment priorities: 
We encourage continued efforts by the Energy Efficiency and Renewable Energy Financing Task Force to help governments, businesses and financial institutions incorporate the value of energy savings in large-scale investment decisions.
Investment climate development: 
We support ongoing dialogue between consumers and producers to facilitate an enabling investment climate in oil and natural gas resources and reserves. We recognise the importance of facilitating upstream investments. ---We reaffirm our support for the Joint Oil Data Initiative (JODI) as an international initiative that addresses investor uncertainty, contributes towards global harmonisation of energy data, and strengthens producer and consumer dialogue by demonstrating concrete action.
Public Private Partnerships: 
[W]e encourage the Energy Working Group (EWG) to study the trade and investment practices of these oil and gas companies and to examine how partnerships and cooperation can improve the value chain.
Governance
Energy management principles: 
[W]e encourage APEC economies to adopt a broad range of measures designed to enhance security of supply and promote fuel efficient transport and the uptake of viable alternative fuels. ---We direct the EWG to continue implementation of its LNG Public Education and Communication Information Sharing Initiative.
Coordination with regional energy associations: 
[W]e instruct the EWG to strengthen cooperation with other relevant international fora, such as the IEA, for coordinating efforts at the time of energy supply disruption.---We direct the EWG to collaborate with the IEA to develop energy efficiency indicators and compile best practices that can be used to help formulate and track progress towards such voluntary goals and action plans.
Statistics collection and management: 
We encourage APEC economies to report timely, accurate and complete data on oil reserves, supply and demand, stocks and production under the JODI. ---We direct the EWG to continue cooperative efforts to improve natural gas data collection.
Technology
Clean energy technology deployment: 
We encourage intensified efforts to develop and deploy techniques for the cost-effective use of non-food feedstocks, such as farm and forest residues and grasses, which hold the greatest potential for expanded biofuels production and greenhouse gas reductions. ---[W]e encourage APEC economies to: [...] • create a positive environment for technology development to help refiners to produce cleaner oil products more efficiently.---[W]e encourage the development of cleaner and more efficient power generation technologies, including renewables, clean coal, natural gas/LNG, and for interested economies, nuclear technologies; We direct the EWG to progress the development of clean fossil energy technologies, including carbon capture and storage.
Technology collaboration with other member States: 
[W]e encourage EWG collaboration with the Renewable Energy and Energy Efficiency Partnership (REEEP) on financing, policy and regulation.