APEC Leaders have agreed to an APEC-wide regional goal of reducing energy intensity (energy per unit of GDP) by at least 45 percent by 2035, using 2005 as a base year. The Peer Review on Energy Efficiency (PREE), which is coordinated by APERC, is one mechanism designed to help the APEC economies achieve this goal.
Each PREE Peer Review focuses on the energy efficiency policies of a single volunteer APEC member economy, referred to as the 'host economy'. The work is carried out by Review Team of experts from other member economies and international institutions jointly selected by the host economy and APERC.
The Review Team visits the economy and interviews a range of people knowledgeable on energy efficiency issues. These may include representatives of government ministries, research institutes, industry associations, energy companies, electricity and gas market regulators, consumer associations, local government, and other relevant stakeholders. A draft report is prepared by the Review Team and agreed to by the host economy. It is then circulated to APEC Energy Working Group (EWG) Members for discussion at the next EWG meeting. After EWG approval, the draft report is officially finalized.
In some cases, a "Follow-UP PREE" may also be conducted, which is designed to assist former PREE host economies in implementing the earlier recommendations of the PREE review teams.
More information on PREE may be found in Part A (Principles and Guidelines of PREE) and Part B (PREE Review Project Guidelines) of the document APEC PREE on Energy Efficiency.
The PREE project consists off two activities:
It also included compilation of “Compendium of Energy Efficiency Policies of APEC Economies (Compendium)” until 2017
a. Peer Review
b. Energy Efficiency Policy Workshop
Hong Kong, China on 18 November 2020 (Online)
Hong Kong, China on 18 March 2019
Washington, D.C., United States on 10 April 2018
Jeju Island, Republic of Korea on 27 March 2017
Taichung, Chinese Taipei on 12 April 2016