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Energy Investment Risk Assessment publication launch

On 3 October 2018 the Energy Charter Secretariat launched the Energy Investment Risk Assessment (EIRA), its new flagship publication. The launch event took place in Brussels and was opened by European Commission Vice-President for Energy Union Maroš Šefčovič.

EIRA 2018 examines and addresses risks related to unpredictable policy and regulatory change, discrimination between foreign and domestic investors and breach of State obligations. EIRA assists governments in recognising policy and regulatory gaps and, in turn, render their energy sector more conducive to foreign investment. Additionally, it seeks to provide the business community, investors and the financial institutions insight into particular aspects of the policy and regulatory environment in the assessed countries. EIRA 2018 includes 30 countries from three continents: Europe, Africa and Asia.

Energy Charter Secretary-General Dr Urban Rusnák presented the publication and reiterated that EIRA – as a concept – is based on the core values of the Energy Charter Process: building confidence, promoting open markets, and strengthening the rule of law. He emphasised that the EIRA indicators reward countries for taking positive measures for sound regulation and efficient processes. They capture the ability to cope with the risks through various positive measures such as the adoption of predictable policy objectives, transparent decision-making, the establishment of strong public institutions, the development of efficient market oversight mechanisms, and the successful resolution of disputes with foreign investors.

EIRA 2018 was launched with the participation of high-level representatives of EU institutions, governments, industry, international organisations, financial institutions and academia. During a ministerial panel opinions were given by participating governments, which were followed by views from international institutions and industry. In particular, the added value for governments was highlighted and the publication was highly welcomed by the business community. Vice-President for Energy Union Maroš Šefčovič welcomed EIRA as a tool helping investors to take well-informed decisions. He underlined that the Energy Charter Secretariat fills a niche, while building on its geographical reach and core competencies. He added that the European Commission is ready to help spread EIRA and make it available for more investors. Mr Michael Losch, Director General for Energy and Mining, speaking on behalf of the Presidency of the Council of the EU, supported the EIRA 2018 publication and emphasised the importance of the investment framework offered by the instruments of the Energy Charter Secretariat. 

The Energy Charter Secretariat is very thankful to all distinguished guests who contributed to the successful EIRA launch event. A complete list of speakers is available here. 

The PDF version of the Publication is available here.

  • Speech of Maroš Šefčovič, European Commission Vice-President for Energy Union - Link
  • Speech of Urban Rusnák, Secretary-General, Energy Charter Secretariat - Link
  • Presentation by Urban Rusnák, Secretary-General, Energy Charter Secretariat - Link
  • Address by David Kramer, Head of Unit for Investment, Energy Charter Secretariat - Link

 

 

Participating countries in EIRA 2018

Afghanistan
Albania
Armenia
Bangladesh
Belarus
Bosnia and Herzegovina
Chad
Croatia
Eswatini
The Gambia
Georgia
Greece
Hungary
Jordan
Kazakhstan
Kenya
Kyrgyzstan
Latvia
Liechtenstein
Mongolia
Montenegro
Nigeria
Norway
Republic of Moldova
Romania
Rwanda
Senegal
Slovakia
Uganda
Ukraine