Based on the work by the Energy Working Group, Ministers expect to consider the possibilities of a voluntary 'pledge and review' system for improving energy efficiency. Ministers also endorsed the Energy Working Group's efforts in encouraging the economic use of new and renewable energy sources, promoting the clean use of fossil fuels and related technologies, and actively pursuing the development of open, efficient markets for energy in the APEC region. Ministers also noted that meeting the mineral needs of the region will be an important aspect of ensuring its continued economic and social prosperity. Ministers welcomed the progress the Energy Working Group was making in developing and fostering co-operative activities aimed at increasing transparency and energy efficiency within the region's mining industry. Next Meeting Ministers agreed on the importance of their discussions in helping achieve their common regional energy, economic and environmental goals, and welcomed Japan's offer to host the next meeting of Ministers in Okinawa, Japan in October, 1998.
Ministers expect to discuss wide ranging energy challenges and policies.