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Policy Success Factors for Geothermal Electricity Development in The APEC Region:an Assessment of public Policies on Geothermal Electricity in Six APECn Economies
At the same time as energy demand is steadily on the rise in the Asia Pacific Economic Cooperation (APEC) region, its member economiies are facing increasing challenges with regard to energy security, the impact of energy on the economy and environmental sustainability. In this context, APEC energy development must address several significant issues:rn• Dependece on fossil fuel remains high, as it is forecast that approximately 82% of APEC energy demand will continue to be supplied by fossil fuels in 2035.rn• Environmental deterioration is projected to be massive, due to increased CO2, emissions, which are projected to rise by approximately 32% between 2010 and 2035 as a result of the increased reliance on fossil fuels.rn• The increased volatility of oil pricing due to geopolitical events has resulted in instability in energy security and economic burdens for some APEC member economies.rnTo address these challenges, the APEC economic leaders have commited to encouraging each member economy to promote, develop and deploy low emission energy supplies, including clean and renewable energy. Under the 2014 Beijing declaration"
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