APEC Countries Likely to Make 45% Energy Efficiency Target THE
Asia Pacific Economic Cooperation (APEC) member countries look
set to achieve a 45 percent energy efficiency target by 2035
according to a new report. Even under ‘business-as-usual’
assumptions, APEC member economies, which account for about 60
percent of world energy demand, will meet their target, but
there is still further work to be done according to the report
on the outlook for APEC’s energy demand and supply. The report
was conducted by Asia Pacific Energy Research Center, in
coordination with the APEC Energy Working Group, and provides
detailed projections of APEC’s energy demand, supply and
greenhouse gas emissions. “APEC’s energy efficiency surge over
the last three decades is expected to continue at a modestly
accelerated rate and could result in an improvement of about 53
percent by 2035,” said Dr Phyllis Genther Yoshida, Lead Shepherd
of the APEC Energy Working Group. “This trend is being driven by
the adoption of new technologies wit