1. EGNRET 23, Christchurch, New Zealand November 10-12, 2004 Cary Bloyd
Chair’s Update
EGNRET 23, Christchurch, New Zealand
November 10-12, 2004
Cary Bloyd

2. Energy Ministers (EM6) Philippines June 10, 2004
The EGNRET 21st Century Renewable Initiative was endorsed, as well as three related new and renewable energy related initiatives.
We also commit to the continued implementation of our Type II Partnership Initiative, “Energy for Sustainable Development”, submitted to the World Summit on Sustainable Development in 2002.
We direct the EWG to continue its work in the areas of clean fossil energy, carbon dioxide capture and geological sequestration and, under the 21st Century Renewable Energy Development Initiative, renewable energy, working closely with the EWG Business Network and the APEC business and research communities.

3. Energy Ministers (EM6) Philippines June 10, 2004
We direct the EWG to implement the recommendations of the ‘Energy Investment Report: Facilitating Energy Investment in the APEC Region’, recognising the important contribution of the private sector and financial community in developing the recommendations.
We direct the EWG to implement the recommendations identified in the ‘Interim Framework Document on Hydrogen and Fuel Cells’ that highlights the potential for a hydrogen economy in the APEC region.

4. EWG 28, Nov. 3-4, 2004 Port Douglas, Australia
The Energy Business Network (EBN) held their 11th meeting in Port Douglas November 2, 2004.
The EBN attended the Expert Group Chairs meeting.
For the first time, the Expert Group Chairs attended the EBN meeting.
Japan reported that they will have a 1 kw solid oxide fuel cell for sale in the commercial market in 3 yr. for $10,000
EBN would like to work with EGNRET to conduct an RE-IFAT on financing
Expert Group chairs made presentations on their activities to both the EBN and EWG meetings

5. EWG 28, Nov. 3-4, 2004 Port Douglas, Australia
Two major EGNRET related initiatives were tabled and approved
Framework proposal for implementing energy investment recommendations approved by Energy Ministers
A comprehensive plan to enhance the APEC Energy Security Initiative for energy security, sustainable development and common prosperity

6. Projects approved by the BMC
1 of 5 Operational Account EWG Projects Approved
– Operation of the APEC Energy Database and Analysis (Expert Group on Energy Data & Analysis) ($20,000)
2 of 3 TILF Special Account projects were approved
T – APEC 21st century renewable energy development initiative (Collaborative IV): Adoption of renewable energy standards phase II – Final groundwork (Expert Group on New & Renewable Energy Technologies) ($134,500)
T – Standby power – promoting improved co-operation among APEC economies in programs to reduce standby power losses (Expert Group on Energy Efficiency & Conservation) ($50,000)