Press release
Canada-ASEAN Business Council and ASEAN Centre for Energy Sign Memorandum of Understanding (MoU) at Energy Transition Roundtable, Team Canada Trade Mission in Jakarta
Jakarta, Indonesia – December 05, 2024 – In a significant step toward strengthening bilateral ties and promoting sustainable energy solutions, the Canada-ASEAN Business Council (CABC) and the ASEAN Centre for Energy (ACE) have signed a Memorandum of Understanding (MoU) at the Energy Transition Roundtable which is part of the Team Canada Trade Mission to Jakarta on Monday, December 02, 2024. This follows the launch of CABC’s Nuclear Energy Working Group, during the 1st Canada-ASEAN Energy Transition Summit in Singapore on November 29th 2024, which is an important pillar in the Canadian Trade Gateway for Nuclear Development in Indo-Pacific as announced by the Canadian Prime Minister on November 15 in Lima, at APEC.
The MoU, signed today in the presence of Minister Mary Ng, Minister of Export Promotion, International Trade and Economic Development of Canada, Minister Bahlil Lahadalia, Minister of Energy and Mineral Resources of Indonesia, and industry leaders from ASEAN and Canada, marks a new chapter in the collaboration between Canada and the ASEAN region in the energy transition sector. It establishes a framework for enhanced cooperation in areas such as energy transition, clean energy technologies, and capacity building, as well as fostering deeper trade and investment partnerships between Canada and ASEAN member states.
“We are thrilled to deepen our partnership with the ASEAN Centre for Energy at such a pivotal time for the energy sector,” said Wayne Farmer, President of the Canada-ASEAN Business Council. “This collaboration will enable Canadian businesses to share innovative solutions to the ASEAN region’s energy needs, including transitioning to cleaner, more sustainable energy sources, and addressing growing energy demand across the region.”
Beni Suryadi, Acting Executive Director of the ASEAN Centre for Energy, emphasized the importance of international collaboration in achieving the region’s energy goals. “We are honored to be part of this important MOU with the Canada-ASEAN Business Council. We embark on this agreement with a common understanding that ASEAN is a growing region of opportunities for sustainable growth. We believe that this MOU will advance public-private partnerships in the energy sector, especially through supporting the implementation of the ASEAN Plan of Action for Energy Cooperation (APAEC),” remarked Beni.
The MoU outlines specific areas for cooperation, including:
Capacity Building for knowledge sharing and exchange of updates and best practices in energy transition, clean energy and technologies, regulatory framework, policies, safety standards, and workforce capacity building.
Joint events to facilitate knowledge and commercial exchange
Joint advocacy through the development and promotion of joint research and policy advocacy to inform ASEAN Government on the opportunities and best practices in renewable energy and energy transition.
Through the signing of the MoU, The Canada-ASEAN Business Council and ASEAN Centre for Energy are committed to advancing their shared vision of a sustainable, low-carbon future through collaboration, innovation, and mutual growth.
For more information on the Canada-ASEAN Business Council and its initiatives, please visit www.canasean.com or contact:
Headquarters in Singapore
Nicky Lung Executive Director Canada-ASEAN Business Council M. +65 9235 6050 E. nicky.lung@canasean.com | Canada office in Montreal Thi Be Nguyen Executive Director in Canada Canada-ASEAN Business Council M. 438 526-8407 E. thibe.nguyen@canasean.com |
About the Canada-ASEAN Business Council (CABC)
Established in 2012, the Canada-ASEAN Business Council (CABC) is the pre-eminent organization with an ASEAN region-wide mandate to promote and increase trade relations between Canada and ASEAN headquartered in Singapore with a representative office in Montreal, Canada. The CABC was founded in 2012 by Canadian private sector companies operating in ASEAN, at the request of Canada’s Minister of International Trade through Global Affairs Canada, at the first ASEAN Economic Ministers (AEM)-Canada Consultation in Cambodia.
As the voice of the Canadian private sector in ASEAN, the CABC represents the interests of over 80 leading businesses and organizations, demonstrating the diverse strengths of Canadian businesses and the range of commercial opportunities available in the region. To foster stronger Canada-ASEAN business and investment ties through policy advocacy, networking events, and research initiatives.
Website: www.canasean.com
LinkedIn Page: Canada-ASEAN Business Council
Twitter: @CAN_ASEAN
About the ASEAN Centre for Energy (ACE):
Established on 1 January 1999, the ASEAN Centre for Energy (ACE) is an intergovernmental organisation within the Association of Southeast Asian Nations’ (ASEAN) structure that represents the 10 ASEAN Member States’ (AMS) interests in the energy sector. ACE supports the implementation of the ASEAN Plan of Action for Energy Cooperation (APAEC), a blueprint for better collaboration towards upgrading energy. The Centre is guided by a Governing Council composed of Senior Officials on Energy from each AMS and a representative from the ASEAN Secretariat as an ex-officio member.
The three key roles of ACE:
As a catalyst to unify and strengthen ASEAN energy cooperation and integration by implementing relevant capacity building programmes and projects to assist the AMS develop their energy sector.
As the ASEAN energy data centre and knowledge hub to provide a knowledge repository for the AMS.
As an ASEAN energy think tank to assist the AMS by identifying and surfacing innovative solutions for ASEAN’s energy challenges on policies, legal & regulatory frameworks and technologies.
Keeping the region’s improvement, sustainable and harmless to the ecosystem is a fundamental concern of the ASEAN energy sector. Hosted by the Ministry of Energy and Mineral Resources of Indonesia, ACE’s office is located in Jakarta, Indonesia. For more information on ACE website: aseanenergy.org.