July 12, 2004 [SolarAccess.com] Asia-Pacific and South Asian countries account for more than half of the world’s population and more than 80% of the world’s GDP. Although this region presents the greatest market potential for renewable energy and energy efficiency technologies, the market has not been well developed. This is mainly due to a lack of consensus and the failure to adopt regional standards, according to ISPQ-Europe. For that reason, ISPQ-Europe is initiating a Regional Renewable Energy and Energy Efficiency Standards Network in the APEC-CORE-SARI-ASEAN (APCSA) region with funding from the British Foreign and Commonwealth Office (FCO), as part of its support for the Renewable Energy and Energy Efficiency Partnership (REEEP). The main purpose of the project is to harmonize regional standards and to promote voluntary participation and adoption, therefore, to reduce the trade barriers and attract long term commercial investment. The new project was announced by Britain’s Environment Minister Margaret Beckett in her Keynote Speech at the Workshop at Hong Kong University on June 18, 2004. ISPQ-Europe, which is a non-government organization aiming to improve quality standards for sustainable energy technologies, is working with the Centre on Renewable Energy at the University of Hong Kong on this initiative.