North-East Asia Regional Power Interconnection and Cooperation Forum 2022

The global economy and particularly energy markets faced enormous challenges in 2022 with the combination of various factors resulting in record energy prices, fuel shortages and a slowdown in global economic recovery. The energy crisis, in turn, contributed to inflation rates unseen for decades and exacerbated poverty of the most vulnerable sectors of the population still struggling to recover from the impacts of COVID-19.
In this regard, increasing the share of renewable energy is a cleaner and more sustainable solution in the longer-term, and given the distribution of demand and supply centers of renewable energy in North-East Asia, power grid interconnections integrating various renewable energy sources would provide a win-win strategy for all countries. 
However, there are a number of significant obstacles hindering progress of North-East Asia energy cooperation including lack of trust, a common vision and strong institutional frameworks to support cooperation. 
Against this background, the NEARPIC Forum 2022 is being organized to, among other objectives, discuss the interim results of an ongoing project of ESCAP to develop a roadmap for connecting North-East Asia power grids using renewable sources of energy based on feasible interconnection scenarios, and discuss various platforms on energy cooperation in North-East Asia towards finding areas of synergies and ways of enhancing the impact and effectiveness of these platforms.