ASEAN Leaders Sign Energy Pact, But No Targets

Cebu, Philippines [Reuters] [Association of Southeast Asian Nations] leaders signed an energy security pact on Monday that seeks to reduce oil dependency and greenhouse gas emissions in some of the most polluted countries on the planet, but offers no concrete targets. Southeast Asian leaders along with the heads of China, Japan, South Korea, India, Australia and New Zealand held their second East Asia summit in a more constructive atmosphere than last year as Beijing and Tokyo used the meeting to further mend ties. … The head of the Asian Development Bank (ADB) urged East Asian countries on Monday to create a regional free trade bloc and to increase financial cooperation to reduce the risk of crises.
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