U.S. Deputy Secretary of Energy Daniel Poneman led the U.S. delegation to the East Asian Summit (EAS) Energy Ministerial on September 25-26 in Bali, Indonesia. This is the most senior U.S. delegation ever to attend the EAS Energy Ministerial, reflecting the United States’ continuing commitment to strengthen and expand our cooperation in Asia Pacific.
“Southeast Asia is a dynamic region of growing global importance,” said Deputy Secretary of Energy Poneman. “Our partnerships in the region will contribute to global efforts to address the challenges presented by climate change, drive economic growth, and enhance regional security.”
During the ministerial session and in a series of bilateral meetings, Deputy Secretary Poneman discussed bilateral and multilateral initiatives to enhance energy security, increase access to renewable energy, improve energy efficiency in buildings and transportation, and develop new clean energy technologies. During the ministerial meeting, participants endorsed a new robust program of cooperative activities on renewable and alternative power generation co-led by the United States and Brunei under the U.S. Asia Pacific Comprehensive Energy Partnership (USACEP). Deputy Secretary Poneman also stressed the importance of expanding access to capital markets to finance energy projects, and briefed ministers on $6 billion available from Export-Import Bank and Overseas Private Investment Corporation (OPIC) to facilitate additional commercial investment in clean energy. He also encouraged participation in the peer review process on fossil fuel subsidies that is being carried out under Asia Pacific Economic Cooperation. The United States will continue to expand cooperation with the Association of South East Asian Nations (ASEAN), the Asia-Pacific Economic Cooperation organization (APEC), and EAS nations on a wide range of energy issues as part of our broader engagement with Asia.