LIMA /Peru/, November 16. /TASS/. The member states and territories of the Asia-Pacific Economic Cooperation believe it is extremely important to step up their efforts for the transition to clean energy, according to the final statement of the APEC Summit in Lima.

Clean energy

“We reaffirm the importance of ensuring energy security, resilience and access in the Asia-Pacific region. We reiterate the need to further integrate actions to address environmental challenges, including climate change, extreme weather and natural disasters, with a view to ending energy poverty. and advancing the global energy transition In this regard, we are committed to accelerating clean, fair, affordable, inclusive and sustainable energy transitions through various pathways consistent with net greenhouse gas emissions/carbon neutrality by mid-century. taking into account the latest scientific developments and the different internal circumstances between economies, with a view to promoting strong, balanced, secure, sustainable and inclusive economic growth,” the statement said.

“We reiterate our commitment to pursue and encourage efforts to triple renewable energy capacity globally through existing targets and policies, as well as demonstrate similar ambition on other zero- and low-emission technologies, including reduction and elimination, in accordance with domestic circumstances, by 2030.” it is said.

APEC Energy Ministers will “commit to work on defining a new collective aspirational goal for the energy sector to increase the share of electricity generated from carbon-free and carbon-neutral sources to further advance APEC’s contribution to the energy transition, while promoting energy efficiency. as the first fuel”.

WTO reform

The participants intend to contribute to the efficiency of international trade for manufacturers and intend to continue working on the reform of the World Trade Organization (WTO), the statement said.

“We are committed to working for the necessary reform of the WTO to improve all its functions,” the document says. It also states the intention of the participants to accelerate the discussion of “with a view to having a fully functioning dispute resolution system accessible to all members”.

“We reiterate our commitment to work together to provide a free, open, fair, non-discriminatory, transparent, inclusive and predictable trade and investment environment,” the statement said.

AI’s potential for economic growth

Participants also noted the potential of AI for economic growth and promised to facilitate digital transformation in the region.

“We recognize that artificial intelligence (AI) has become an important tool for driving innovation, promoting sustainable economic growth and transforming various aspects of everyday life in our economies,” the statement said.

“We encourage economies to step up their efforts to advance digital transformation,” the document said. “We recognize the essential role of an enabling, open, fair, non-discriminatory, safer and more inclusive digital ecosystem that facilitates trade and the importance of increasing trust and security in the use of information and communication technologies (ICT).

Fossil fuel subsidies

Participants reaffirmed their commitments to phase out inefficient fossil fuel subsidies.

“We recall our commitment to rationalize and phase out inefficient fossil fuel subsidies that encourage wasteful consumption,” the document said.

“We reiterate the need to further integrate actions to address environmental challenges, including climate change, extreme weather and natural disasters,” the statement added.

Economic integration

APEC countries and territories will continue to contribute to economic integration in the Asia-Pacific Region.

“We reaffirm our commitment to promote economic integration in the Asia-Pacific region in a manner that is market-led and in line with the Putrajaya 2040 APEC Vision,” the statement said.

In this regard, the participants endorsed the Ichma Declaration on a New Look for the Promotion of the Asia-Pacific Free Trade Area.

Food security

The participants pledged to increase their efforts to ensure food security in the region, the statement said.

“We reaffirm our commitment to the APEC Roadmap for Food Security to 2030, focusing on strengthening regional food security and nutrition, contributing to the achievement of open, equitable, transparent, productive, sustainable, resilient, innovative and inclusive agri-food systems, acknowledging that it exists is not a universal approach,” the document states.

Leaders recognized that there is no one-size-fits-all approach to ensuring the sustainability of agriculture.

The APEC Leaders’ Meeting takes place in Lima, Peru on November 15-16. The Russian delegation is led by Deputy Prime Minister Alexey Overchuk.

APEC members include: Australia, Brunei Darussalam, Canada, Chile, People’s Republic of China, Hong Kong, China, Indonesia, Japan, Republic of Korea, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, Philippines, Russian Federation, Singapore, Chinese Taipei, Thailand, United States of America and Vietnam.