APEC Ministers Agree to Cooperate on Power Supply for AI
Beijing, Sept. 12 (Jiji Press)--Energy ministers from the Asia-Pacific Economic Cooperation forum have vowed in a joint statement to boost energy security cooperation, including by fortifying supply chains, amid soaring crude oil prices and growing artificial intelligence-related power demand. At their two-day meeting in Beijing that ended on Friday, the APEC energy ministers stopped short ...
Energy ministers from the Asia-Pacific Economic Cooperation (APEC) forum have pledged to enhance energy security cooperation, addressing the challenges posed by rising crude oil prices and the escalating demand for power due to artificial intelligence (AI). Concluding their two-day meeting in Beijing on Friday, the ministers responsible for energy policy within the 21-member APEC economies, including Japan, the United States, China, and Russia, refrained from establishing a new decarbonization target.
Recognizing that APEC represents half of the world's energy consumption, the ministers emphasized the importance of bolstering energy supply chain resilience through practical cooperation. This includes voluntary and timely information sharing, risk assessments, strategic reserve management, cybersecurity measures, and the physical security of critical energy infrastructure.
Japan's perspective was incorporated into the joint statement, underscoring the significance of energy security collaboration between oil-producing and oil-consuming nations, as well as the diversification of supply networks.
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