Energy Charter launches its First Energy Investment Risk Assessment
Improving investment conditions for foreign investors in the energy sector
On 3 October Energy Charter Secretariat launched, in Brussels, the Energy Investment Risk Assessment publication – EIRA 2018. The main goal of EIRA publication is to help Governments improve investment conditions for foreign investors in the energy sector. It examines and addresses risks related to unpredictable changes, discrimination between foreign and domestic investors and breach of State obligations. EIRA aims to assist governments in recognizing potential gaps and to provide opportunities to learn and stimulate reforms that could mitigate these risks and consolidate investor confidence.
Together with the Energy Charter Secretary-General Dr. Urban Rusnak and EC Vice-President for Energy Maroš Šefčovič, the launch of EIRA 2018 publication was also attended by Iulian-Robert Tudorache, State Secretary in the Ministry of Energy and President of Energy Charter Conference.
“EIRA publication was a priority of the Chairmanship of Romania of the Energy Charter Conference and we are proud that the first public edition is launched during the Chairmanship of our country. 30 countries participated in the preparation of this edition, including Romania, and we want an increasing number of countries to participate in this assessment process in the future. As President of the Energy Conference Charter, I hope that the Energy Charter Secretariat will continue to develop this publication, to reach the goals of the Energy Charter Treaty of ensuring energy supply security, access to energy for all, increasing consumption of clean energy and further promoting energy efficiency,” State Secretary Iulian-Robert Tudorache stated during his intervention.
Maroš Šefčovič welcomed, during his intervention, particularly the joint efforts of the Energy Charter Secretariat with the current Chairmanship of Romania to modernize the Energy Charter Treaty.
“I encourage you to continue and complete this very important process, with implications on energy investments in Europe and around the world! This should remain your no. 1 priority!” – Vice-President Maroš Šefčovič said.
The PDF version of the publication is available here.
