CEBU declaration urges fossil fuel efficiency, renewable energy boost

The Cebu Declaration on East Asian Energy Security is a joint statement by ASEAN member states, Australia, China, India, Japan, South Korea, and New Zealand, committing to enhance regional energy security through cooperation on renewable energy, biofuels, energy efficiency, and climate change mitigation.

ASEAN member states, Australia, China, India, Japan, South Korea, New Zealand

• Improve efficiency and environmental performance of fossil fuel use
• Reduce dependence on conventional fuels through energy efficiency, hydropower, renewable energy systems, biofuel production/utilisation, and civilian nuclear power
• Encourage open and competitive regional and international markets for affordable energy
• Mitigate greenhouse gas emissions through effective policies
• Pursue investment in energy resource and infrastructure development
• Promote cleaner technologies for fossil fuels
• Encourage freer trade on biofuels and standard on biofuels for engines
• Set individual goals for improving energy efficiency
• Increase capacity and reduce costs of renewable energy through innovative financing
• Ensure stable energy supply through investments in regional infrastructure like ASEAN Power Grid and Trans ASEAN Gas Pipeline
• Encourage recycling of oil revenues for equity investments and affordable loans for developing countries
• Explore strategic fuel stockpiling arrangements
• Promote clean coal use and clean coal technologies
• Pursue regional cooperation through R&D, sharing best practices, and financing of energy products

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