Summit highlights energy security

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Báo ĐCS English - 33 month(s) ago 6 readings

Summit highlights energy security

(CPV) - Some 150 high-level policymakers, energy experts, industry executives, government leaders, and renowned analysts from Asia Pacific countries gathered in Hanoi on March 21st at the Pacific Energy Summit to examine energy security, economic growth and electricity access.

(CPV) - Some 150 high-level policymakers, energy experts, industry executives, government leaders, and renowned analysts from Asia Pacific countries gathered in Hanoi on March 21st at the Pacific Energy Summit to examine energy security, economic growth and electricity access.

Mr. Dang Dinh Quy addresses the Summit. Photo: P.H

Under the theme “Innovative Generation: Powering a Prosperous Asia,” the Summit focuses on the need for adequate power generation, encouraging participants to promote forward-looking, practical and market-driven policies that address the twin challenges of rising energy demand and global climate change, while mentioning the challenging decisions policymakers face, including a wide array of fuel choices at various price points, and each with varying environmental impacts and infrastructure requirements.

Speaking during the Summit, Mr. Dang Dinh Quy, President of the Diplomatic Academy of Vietnam, stressed that energy played a very important role in the security, living environment and prosperity of countries.

According to Mr. Quy, countries in the region, including Vietnam, are focusing on building energy security strategies to ensure the stable provision of energy for growth and sustainable economic development.

He noted that Vietnam had reached a pivotal point of economic growth, and adequate power supply is central to that growth. “The opportunity is greater now than ever to grow our prospects for multilateral cooperation to ensure energy security and address environmental concerns,” he added.

During the summit which will last until March 22, participants will discuss issues including “The energy mix: Mapping the next generation of power supplies,” “Designing efficient and flexible domestic power markets,” “Efficiency and integration: The advantages of regional cooperation,” “Electricity for all: Expanding access to boost economic development,” and “Renewable energy sources.”

The Asia-Pacific is the world's most dynamic economic region, driving a rapid expansion in global energy demand. This unprecedented growth, coupled with heavy regional reliance on fossil fuels such as oil and coal for power generation has led to surging greenhouse gas emissions and environmental concerns./.

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