APEC energy ministers set to approve Cebu pact

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LAPU-LAPU CITY, Cebu: Energy ministers of the Asia-Pacific Economic Cooperation (APEC) member economies are expected to approve this week the Cebu Ministerial Declaration which will be the guidelines for plans, programs, and developments for the future of the energy sector in the region.

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“We hope to have the Cebu Declaration approved and signed by each one of them,” Energy Undersecretary Loreta G. Ayson said in a briefing to kick off the 12th APEC Energy Ministers’ Meeting (EMM) to be held from Oct. 12 to 14.

Ayson said the 12th EMM discussions will focus in four areas — Climate-proofing energy infrastructure which involves the assessment and measures to prevent disasters from disrupting energy supply and services; advancing cutting-edge energy efficiency technologies; promoting community-based clean energy in poor areas; and improving energy trade and investment which aims to cut the cost of energy-related technologies and to facilitate energy investments in APEC.

Ayson said this year’s meeting will push for energy resiliency in APEC communities with the challenges faced by the region due to climate change.

APEC also targets to have resilient energy infrastructure that can withstand extreme natural and man-made disasters, the DOE official added.

“Our infrastructure and systems (should be able to) recover and be able to (back to) normalcy in a timely and efficient manner, and we are able to build better so that we’re able and more ready to handle this man-made and natural disasters,” she said.

This, she added, will be possible by attracting investments in resilient energy infrastructure through healthy investment climate of APEC economies.

PNA

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