Acknowledging that APEC economies accounts for 56 percent of world energy demand, 58 percent of world energy supply, and 68 percent of world electricity generation1, and recalling the commitment of APEC´s leaders in the APEC Putrajaya Vision 2040, the Aotearoa Plan of Action, the Bangkok Goals on Bio Circular Green Economy and the 2023 APEC Leaders Declaration, as well as previous APEC Leaders Dec. [...] We highlight the importance of international cooperation to support domestic, cross- border and critical energy infrastructure and enhance its resilience to climate change and other challenges; to enhance investments in sustainable infrastructure development; to promote and take advantage of technological innovation across the entire energy system; and to engage people and communities in a consist. [...] We welcome the efforts towards the establishment of the Just Energy Transition Initiative, as a way to promote efforts to accelerate energy transitions within APEC economies, as per their domestic circumstances and consistent with the Non-Binding Just Energy Transition Principles for APEC Cooperation. [...] We acknowledge certain minerals, materials, products and technologies are critical as inputs for some zero and low-emission energy technologies and clean, sustainable, just, affordable and inclusive energy transitions, and acknowledge the need for expanded Final version investment, recognizing differing regulatory approaches and contributions to local and regional development. [...] We are committed to supporting the ongoing work and efforts of the Expert Group on Clean Fossil Energy (EGCFE), the Expert Group on Energy Data and Analysis (EGEDA), the Expert Group on Energy Efficiency and Conservation (EGEEC), the Expert Group on New and Renewable Energy Technologies (EGNRET) and the Energy Resiliency Task Force (ERTF), in advancing the implementation of the Energy Working Grou.
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- Singapore
