1945

The Asia-Pacific region has diverse political frameworks, market mechanisms, energy resource endowment, and power networks. Economic development contexts also vary greatly, ranging from developed countries to emerging economies with rapidly rising energy demand. Major fossil fuel exporters also exist alongside nations with a high dependence on energy imports. Different forms of cooperation between countries of the region can harness the benefits of diversity, improving economic growth while minimizing the negative environmental impacts of development. Previous research has investigated the benefits of regional energy interconnection, and a wealth of literature is available on the subject (UN-DESA, 2006).

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