The APEC Energy Security Initiative (ESI) comprises a series of short-term measures to respond to temporary energy supply disruptions, and longer-term measures to address the broader energy challenges facing the APEC region.
Short-term measures include improving transparency of the global oil market, maritime security, implementing a real-time emergency information sharing system and encouraging Member Economies to have emergency mechanisms and contingency plans in place.
Long-term measures include facilitating investment, trade and technology cooperation in energy infrastructure, natural gas (including LNG), energy efficiency, clean fossil energy (including carbon capture and geological sequestration), renewable energy and hydrogen and fuel cells.
The ESI Factsheets decribe each of the short and long term measures implemented under the ESI.
Energy Security Initiative - Development
In September 2000, APEC Senior Officials considered what action APEC could take to respond to oil price volatility, and directed the EWG to analyse the situation and make recommendations on ways to strengthen regional energy security. Following a series of workshops the EWG developed the APEC Energy Security Initiative, which was endorsed by the EWG in September 2001, and by APEC Economic Leaders in October 2001.
The ESI has also been reviewed, enhanced and expanded over time:
APEC Peer Review on Energy Efficiency (PREE) - "Common Format for the Compendium of Energy Efficiency Policies of APEC Member Economies"