The Asia Pacific Energy Research Centre (APERC) was established in July 1996 in Tokyo following the directive of APEC Economic Leaders in the Osaka Action Agenda. The primary objective of APERC is to conduct researches to foster understanding among APEC members of regional energy outlook, market developments and policy.
As APERC’s president, I feel that many challenges and opportunities lie ahead. APEC’s members, which together account for more than half of the world’s energy consumption, are grappling with how best to reconcile their energy needs with the “3Es”, which stands for energy security, economic growth and environmental protection. The complexity of harmonizing these goals poses major challenges, calling for an effective regional cooperation.
APERC’s activities for the current year onwards, including work on (1) Energy Demand and Supply Outlook, (2) Peer Review on Energy Efficiency, (3) Cooperative Energy Efficiency Design for Sustainability, (4) Peer Review on Low Carbon Energy Supply, and (5) Low Carbon Model Town Project, are directed at helping APEC members address these challenges.
Ever increasing energy demand in Asia, constraints on infrastructure to deliver energy sources to the market, geopolitical instability in some key energy exporting regions and threats of possible natural disasters bringing acute shortage of supply of certain energy sources have all resulted in tight oil and gas markets. These situations will inexorably leave most of the economies increasingly vulnerable to an oil and gas supply disruption. Although formidable, we believe that these challenges could be more competently responded to in a collaborative manner through reliable researches and preparedness exercises.
Finally, I would like to express my sincere appreciation to the APEC member economies that have sent us knowledgeable and brilliant researchers over the years. I would also like to thank the Japanese government and other economies for their generous sponsorship and support toward APERC. We will continue to exert our utmost efforts to help all APEC economies face their future challenges.