APEF Subregional Consultation Meeting for East and North-East Asia
ESCAP's Subregional Consultation Meeting for East and North-East Asia was held on 12 and 13 November 2012 in Incheon, Republic of Korea, and brought together official representatives and experts from China, Japan, Mongolia, Republic of Korea, and the Russian Federation. This meeting was co-organized by ESCAP's Environment and Development Division and the Subregional Office for East and North-East Asia.
The Meeting recognized the importance of the East and North-East Asia subregion in the global energy and economic context, as it accounts for around one third of the world's energy consumption and around one fourth of its GDP. It also noted that the potential for energy cooperation in the subregion is enormous, as it comprises some of the most resource-rich and most-resource dependent countries in the world.
Following a discussion of the major challenges to energy security and the sustainable use of energy for the East and North-East Asia subregion, participants identified the need to strengthen energy cooperation among the six countries with a renewed and more effective institutional design. Upon the foundation of earlier efforts, a new energy cooperation architecture in the subregion could either update existing and/or create a new institutional framework.
Also, participants agreed to set up an agenda for international cooperation in the subregion, preferably with tangible targets (e.g. on energy efficiency or renewable energy), building on existing initiatives, such as the UN Secretary-General's Sustainable Energy for All Initiative.