EGNRET EWG 49 Gyeongju, Republic of Korea, 22-26 June 2015 EGNRET EGNRET EWG 49 Gyeongju, Republic of Korea 22-26 June 2015 Progress Report of the APEC Expert Group on New & Renewable Technologies 24-25 June 2015 EWG 49 Agenda Item 9(a) Keng-Tung Wu, PhD EGNRET Secretariat [email protected]
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EGNRET Page 1 EWG 49 Gyeongju, Republic of Korea, 22-26 June 2015
EGNRET
EWG 40 Brunei Darussalam 22-26 November, 2010
EGNRET
EWG 49 Gyeongju, Republic of Korea 22-26 June 2015
EGNRET Page 4 EWG 49 Gyeongju, Republic of Korea, 22-26 June 2015
EGNRET Page 4 EWG 49 Gyeongju, Republic of Korea, 22-26 June 2015
Topic Discussed at EGNRET 44
• APEC Projects • The Latest Submission Process
• The appropriate Funding Categories for EGNRET projects
• The Trend of Renewables under Low Oil Price Circumstances
• Strategy on Doubling Renewable Energy Goal in APEC Region
EGNRET Page 5 EWG 49 Gyeongju, Republic of Korea, 22-26 June 2015
EGNRET Page 5 EWG 49 Gyeongju, Republic of Korea, 22-26 June 2015
Topic Discussed at EGNRET 44
• The Trend of Renewables under Low Oil Price Circumstances
The falling oil price has led to lots of speculation about the impact of falling oil prices on the world's efforts to cut emissions by decarbonising the energy sector.
The overall price of fossil fuel is going up in the whole fossil fuel price history. It is unpredictable and may impact RE development in the short term.
The future cost reductions and policy driven initiatives of renewables will be more critical.
EGNRET Page 6 EWG 49 Gyeongju, Republic of Korea, 22-26 June 2015
EGNRET Page 6 EWG 49 Gyeongju, Republic of Korea, 22-26 June 2015
Topic Discussed at EGNRET 44
• Strategy on Doubling Renewable Energy Goal in APEC Region
See Agenda Item 9(d)
EGNRET Page 7 EWG 49 Gyeongju, Republic of Korea, 22-26 June 2015
EGNRET Page 7 EWG 49 Gyeongju, Republic of Korea, 22-26 June 2015