ASEAN to boost energy cooperation
ASEAN leaders and their dialogue partners, including India, agree to boost regional energy cooperation.india Updated: Jan 15, 2007 11:30 IST
Faced with high energy costs hitting economies of the region, leaders of ASEAN and their dialogue partners on Monday agreed to strengthen regional cooperation on energy security and tasked their officials to look into regional nuclear safety regime.
The Cebu Declaration on Energy Security signed by Prime Minister Manmohan Singh and 15 other leaders— ten from ASEAN and five dialogue partners besides India— seeks to help the countries in the region reduce their dependence on conventional fuels through intensified energy efficiency programmes, expansion of renewable energy systems and bio-fuel production and utilisation.
The leaders stressed the need to improve energy use efficiency and the diversification of energy supply by developing alternative sources such as bio-fuels and civilian nuclear power, Philippine President Gloria Macapagal-Arroyo said.
The prime minister, in a free-wheeling discussion with the leaders, underlined the importance of development of low carbon technologies and emphasised that substantial investment was required by countries of the region in infrastructure and development of clean coal technologies.