Asia EDGE (Enhancing Development and Growth through Energy)
What is Asia EDGE? Launched in July 2018, the Indo-Pacific region, Asia EDGE (Enhancing Development and Growth through Energy) is a U.S. whole-of-government effort to grow sustainable and secure energy markets throughout the Indo-Pacific. Asia EDGE seeks to strengthen energy security, increase energy diversification and trade, and expand energy access.
Asia EDGE will focus on four strategic objectives:
1. Strengthen the energy security of allies and partners
2. Create open, efficient, rule-based, and transparent energy markets
3. Improve free, fair, and reciprocal energy trading relationships
4. Expand access to affordable, reliable energy
Ten U.S. government agencies are active in Asia EDGE. Asia EDGE is led by the Department of State and includes participation by the Departments of Agriculture, Commerce, Energy, and Treasury; the Agency for International Development; the Export-Import Bank of the United States; Development Finance Corporation; Department of Interior; and U.S. Trade and Development Agency.
Asia EDGE will provide technical assistance to improve partner countries’ regulatory environments and procurement processes and level the playing field for foreign investors; develop national and regional energy markets; use development finance to catalyze and deploy private capital; foster business-to-business connections among U.S. firms and prescreened foreign buyers; advocate for the selection of U.S. firms in foreign government tenders; address government actions and policies that impede exports of U.S. goods and services to the region; expand access to energy by performing feasibility studies and pilot projects for electrification in remote locations; and help countries modernize their energy infrastructure.
Asia EDGE currently focuses on markets across the Indo-Pacific region, including: Australia, Bangladesh, Bhutan, Brunei, Burma, Cambodia, China, India, Indonesia, Japan, Laos, Malaysia, Maldives, Mongolia, Nepal, New Zealand, Pacific Island Forum Countries, Papua New Guinea, Philippines, Singapore, South Korea, Sri Lanka, Taiwan, Thailand, Timor Leste, and Vietnam.
Asia EDGE has allocated $140 million for technical assistance programming in Indo-Pacific markets to improve those markets’ regulatory environments and procurement processes, develop national and regional energy markets, deploy private capital, and modernize their energy infrastructure.
Asia EDGE is a priority for the Administration and as such, will be reflected in the President’s future budgetary proposals. Future funding will be determined by Congress through discussions with the Administration.
Asia EDGE was officially launched on July 30, 2018. Asia EDGE builds on decades of robust U.S. government policy and programmatic work in the region and recognizes that enhanced coordination among the U.S. government agencies will better accelerate U.S. government engagement that will ultimately benefit the region and the United States. Asia EDGE signals a long-term commitment for the region.
Absolutely! Asia EDGE will expand public-private partnerships, foster business-to-business connections, and help partner governments set transparent, market-based, and best-value energy policies. It will catalyze private capital by partnering with firms and international financial institutions on pooled finance, insurance and risk mitigation, commercial advocacy, and project development. U.S. industry is a natural partner in helping the U.S. government achieve its Asia EDGE objectives. The U.S. government looks forward to continuing to work closely with U.S. industry as well as identifying new areas and mechanisms for collaboration.
The U.S. government is actively seeking recommendations on how to build this initiative. On November 21, 2018, the U.S. Department of Commerce issued a Federal Register notice to receive public comment to inform future planning and partnership opportunities. Asia EDGE welcomes feedback from relevant stakeholders on proactive solutions or actions that the U.S. government could pursue to help achieve the four strategic goals of Asia EDGE.
Yes! The initiative will also seek collaboration with like-minded partners to advance the rule-based economic order that has lifted billions out of poverty and enabled unprecedented growth over the past 70 years. Asia EDGE intends to build on existing multilateral platforms such as APEC, ASEAN, the East Asia Summit, and on bilateral White House initiatives such as the Japan-U.S. Strategic Energy Partnership (JUSEP), U.S.-India Strategic Energy Partnership, and the Australia-U.S. Strategic Energy Partnership (AUSEP).
Asia EDGE works in close coordination with ITAN and DCCP. Asia EDGE will have a primary focus on the enabling environment that will catalyze long-term investment in the region for energy products and energy systems. Asia EDGE will leverage ITAN’s transaction-focused work to ensure deals that benefit U.S. firms come to fruition and DCCP’s expertise related to implementing data policies that support an innovative and secure digital economy.