April 20, 2010
Michael Chapnick | (703) 875-4357
CLEAN ENERGY FORUM SUPPORTS GROWTH IN ASEAN COUNTRIES
U.S. Committed to Deploying Clean Energy Solutions
MANILA, PHILIPPINES – Member countries of the Association of Southeast Asian Nations (ASEAN) must continue to identify new and efficient ways of producing clean energy to continue its economic growth, acknowledged business and government officials at the ASEAN Clean Energy, Trade, Technology and Investment Forum on Tuesday.
Following through on the commitment by President Obama and ASEAN leaders to address climate change and a sustained and balanced global economic recovery, the Forum, sponsored by the U.S. Trade and Development Agency (USTDA) and in cooperation with the U.S. Department of State and the ASEAN Secretariat, will address issues related to clean energy development in the region. At the Forum, ASEAN officials will discuss the adoption of policies and technologies that enhance efficient power production with a focus on limiting greenhouse gas emissions.
In her opening speech to the plenary session of the Forum, USTDA Director Leocadia I. Zak affirmed the U.S. commitment to investing in the deployment of new energy sources and clean energy solutions that will spur the green energy revolution.
"The U.S. government is committed to strengthening economic ties with ASEAN and promoting U.S. industry solutions to support energy needs while mitigating climate change," Zak said. "The U.S. can provide funding to ASEAN countries that seek to work with U.S. private sector experts on shared priorities," she continued. "USTDA's program identifies new commercial opportunities and helps to prepare project sponsors for financing and implementation." USTDA has committed more than $44 million in support of energy development in the region, accounting for 45 percent of its total commitments to ASEAN countries.
Zak recognized ASEAN's efforts towards meeting an ambitious agenda of closer cooperation in energy project development, efficient energy use, clean energy promotion and development of new clean energy technologies.
Throughout the three-day conference, senior government officials and industry representatives will discuss regulatory issues, project financing, technology strategies and business opportunities for clean energy development.
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The U.S. Trade and Development Agency advances economic development and U.S. commercial interests in developing and middle-income countries. The agency funds technical assistance, feasibility studies, training, reverse trade missions and business workshops to support development of modern infrastructure and a fair and open trading environment. USTDA's efforts create an enabling environment for trade, investment and sustainable economic development.
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