Asian nations to set energy targets with new framework

Japan has proposed a new environmental framework under which 16 Asia-Pacific nations, including big energy consumers China and India, will set numerical goals by 2009 for improving energy efficiency, a leading Japanese financial paper reported Monday.

Asian nations to set energy targets with new framework
Japan has proposed a new environmental framework under which 16 Asia-Pacific nations, including big energy consumers China and India, will set numerical goals by 2009 for improving energy efficiency, a leading Japanese financial paper reported Monday.

Energy ministers from the 16 countries will aim to reach an official agreement when they meet August 23 in Singapore, said the Nikkei Shimbun. The proposed framework will be included in a joint statement to be released after the meeting.

Energy efficiency indicates how much energy is used in the creation of goods, and each country will set its own goal for boosting energy efficiency, the paper said.

Some studies show that if the 16 nations are able to each improve energy efficiency by 10 percent, and this would result in savings equivalent to five years of crude oil imports by the Association of Southeast Asian Nations (ASEAN).

The framework will take into account the different economic conditions of the member countries -- the 10-member ASEAN, Japan, South Korea, and China, as well as India, Australia, and New Zealand, it said.

Each country will also aim to establish energy efficiency goals for separate industries, including steel and electricity. The energy ministers will discuss their progress at next year's summit, at which the countries will report on their progress, the daily said, addign that they will set their initial goals at a summit in 2009.

KUNA
Last Mod: 20 Ağustos 2007, 16:51
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