Efficiency Standards Could Boost ASEAN Trade
A report by the International Copper Association Southeast Asia (ICASEA) was outlined in an article that appeared in The Nation.
The report was presented at the launch of “Asean SHINE,” an energy-efficiency promotion program of the European Union and managed by ICASEA.
Energy-efficiency standards for air-conditioners and refrigerators vary within the Association of Southeast Asian Nations (ASEAN). A uniform testing and labelling standard would create consistency across multiple countries. This benefits manufacturers and consumers alike. Studies suggest that such a program would boost trade by 4.5 percent within the region. Total energy savings annually was estimated to be 5,373 GWh.
The four-year project aims to elevate product performance in household appliances and harmonize energy-efficiency standards. The region has a combined gross domestic product growing by more than 5 percent per year, according to the International Energy Agency.
Rapid economic expansion points out the need for energy efficiency to provide energy security and long-term, sustainable growth across the region. Wider awareness and adoption of energy-efficiency practices among manufacturers and consumers also may open opportunities for European or other foreign investors.
Photo: Map of ASEAN nations via Shutterstock
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