Promoting Innovation and Energy Efficiency Vital to Forging Trans-Pacific Cooperation in a New Energy Era

Vancouver, B.C./Washington, DC – June 25, 2013 – The Asia Pacific Foundation of Canada and The National Bureau of Asian Research today released a report that provides policy recommendations to enhance trans-Pacific cooperation while also addressing environmental challenges. The 2013 Summit Report is based on findings of the Pacific Energy Summit, which took place in Vancouver in April 2013. The Summit was co-hosted by The National Bureau of Asian Research and the Asia Pacific Foundation of Canada and brought together 170 participants from energy industry, government and research, representing 15 countries across the region.

Key recommendations include:

• Canada and the United States should recognize the growing competition to supply Asian energy markets and act quickly if they are to establish themselves as suppliers of choice.

• Canada and the United States should support and foster innovation in the energy sector in order to be competitive, particularly in clean technology.

• Governments should commit to sustaining open markets and reducing protectionism and resource nationalism to foster more efficient and responsive energy markets.

• Governments should decrease subsidies for energy and limit other state interventions in the sector.

• Energy efficiency is the greatest untapped source of energy supply. Government and industry should support the adoption of higher standards for energy efficiency.

• Governments and companies wanting to acquire social license need to communicate with stakeholders and build positive relationships with the public by mitigating the environmental impacts of natural resource development and delivering benefits to local communities.

• Canada and the United States should strengthen cooperation on energy and climate policies to ensure that the model of market-led integration survives in the new energy era.

The full report provides a detailed overview and analysis of the Summit’s main topics including Asia’s growing energy demand, securing energy supplies through efficiency, LNG markets and pricing, and energy infrastructure.

The full report can be downloaded here.

 

The Summit also produced five working papers:

• Energy Efficiency Policies in the Asia-Pacific: Can We Do Better?

• Implications of North American LNG Exports for Asia’s Pricing Regime

• Forging a New Trans-Pacific Energy Trade: Opportunities and Challenges

• The U.S.-Canada Energy Relationship and the Growing Role for Asia

• Social License to Operate: How to Get It, and How to Keep It

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About APF Canada

The Asia Pacific Foundation is an independent resource for Canadians on contemporary Asia and Canada-Asia relations. As a national not-for-profit organization established by an Act of the Federal Parliament in 1984, the Foundation brings together people and knowledge to provide the most current and comprehensive research, analysis and information on Asia and on Canada's transpacific relations. It promotes dialogue on economic, security, political and social issues, helping to inform public policy, the Canadian public and Canada’s Asia practitioners. The Foundation is funded principally through an endowment from the Government of Canada and by corporate and individual donors. Visit APF Canada at www.asiapacific.ca

 

About The National Bureau of Asian Research

The National Bureau of Asian Research is a nonprofit, nonpartisan research institution dedicated to informing and strengthening policy. NBR conducts advanced independent research on strategic, political, economic, health and energy issues affecting U.S. relations with Asia. Drawing on an extensive network of the world’s leading specialists, NBR bridges the academic, business and policy arenas. The institution disseminates its research through briefings, publications, conferences, Congressional testimony, and by collaborating with leading institutions worldwide. Visit NBR at www.nbr.org.

 

For more information, please contact:

Trang Nguyen
Communications Manager
Asia Pacific Foundation of Canada
Tel: 604-630-1540
Email: trang.nguyen@asiapacific.ca

Sonia Luthra
Assistant Director, Outreach
The National Bureau of Asian Research
Tel: 202-347-9767
Email: media@nbr.org

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