FACT SHEET On The U.S.-Asia Pacific Comprehensive Partnership For A Sustainable Energy

The White House
Office of the Press Secretary
November 20, 2012

Recognizing that energy and the environment are among the most pressing issues confronting our region, President Obama, in partnership with Sultan Haji Hassanal Bolkiah of Brunei and President of the Republic of Indonesia Susilo Bambang Yudhoyono, today proposed the U.S.-Asia Pacific Comprehensive Partnership for a Sustainable Energy Future.  The Partnership will offer a framework for consolidating and expanding energy and environmental cooperation across existing regional forums to advance efforts to ensure affordable, secure, and cleaner energy supplies for the region.  Bilateral and multilateral energy and environmental initiatives are flourishing in the Asia Pacific, and the United States, in partnership with Brunei and Indonesia, will help coordinate and enhance these efforts, share best practices, and leverage existing initiatives across the various forums that undertake this work. 

The Partnership will build upon the existing energy initiatives in the region, including the ASEAN-United States Energy Cooperation Work Plan, the APEC Energy Working Group, the East Asia Summit Energy Ministers and other forums to expand practical cooperation across the region, promote greater energy connectivity and integration, and encourage collaborative work across these and other forums, including through joint capacity building efforts.  

The Partnership will drive investment and facilitate progress on four key regional priorities: renewables and cleaner energy; markets and interconnectivity; the emerging role of natural gas; and sustainable development.  We will engage with the private sector as well as partner countries in the region to determine specific projects within these four priority areas.  We will work closely with the World Bank and the Asian Development Bank to enhance their work in the region on these issues.  With an estimated $9 trillion needed in investment in electricity alone through 2035 to meet growing demand in the region, there is enormous potential for U.S. industry to play an important role in the region’s energy future. MORE

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