Objective: To promote energy efficiency policies consistent with sustainable development, to create framework conditions which induce producer and consumers to use energy as economically, efficiently and environmentally soundly as possible, and to foster cooperation in the field of energy efficiency.
Summary of provisions: Parties undertake to cooperate and, as appropriate, assist each other in developing and implementing energy efficiency policies, laws and regulations. They agree to establish energy efficiency policies and appropriate legal and regulatory frameworks and strive to achieve the full benefit of energy efficiency throughout the Energy Cycle. They are to include in energy efficiency policies both short-term measures to adjust previous practices and long- term measures to improve energy efficiency; recognise the vital role of the private sector. They agree to take into account, in cooperative or co-ordinated action, relevant principles adopted in international agreements, aimed at protection and improvement of the environment to which they are parties. Further, they are to take full advantage of the work and expertise of competent international or other bodies and avoid duplication (art.3). Moreover, Parties agree to formulate strategies and policy aims for improving energy efficiency and thereby reducing environmental impacts of the energy cycle as appropriate in relation to their own specific energy conditions (art.5), and to achieve such policy aims, develop, implement and regularly update energy efficiency programmes best suited to its circumstances (art.8). Parties agree to encourage the implementation of new approaches and methods for financing energy efficiency and energy-related environmental protection investments (art.6.1), and to endeavour to take advantage of and promote access to private capital markets and existing (international financing institutions in order to facilitate investments in improving energy efficiency and in environmental protection related to energy efficiency (art.6.2). Consistent with the provisions of the Energy Charter Treaty, Parties undertake to encourage commercial trade and cooperation in energy efficient and environmentally sound technologies, energy-related services and management practices (art.7). Parties agree to cooperate in appropriate form which may include, inter alia, assessment of the environmental impact of the energy cycle and development of economic, legislative and regulatory measures (art.9).
(Source: IUCN ELC, 08.2005, based on UNEP Register of International Treaties and Other Agreements in the Field of the Environment, 1996)