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New flagship publication presented to European Commission and Investment Banks

On 8 November 2017 the Energy Charter Conference welcomed the first Energy Charter Energy Investment Risk Assessment (EIRA) Report, being the outcome of a pilot undertaken by the Energy Charter Secretariat with the aim to assist governments in shaping a better investment climate for investment in their energy sectors. To this end the EIRA Report identifies policy, regulatory and legal risks. It highlights strengths of countries and shows areas for improvement.

Organised by the European Commission’s Directorate-General for Energy on 14 November the concept of this new EIRA flagship publication was presented by Energy Charter Secretary General Dr Urban Rusnák and his EIRA-team, led by Senior Investment Expert David Kramer, to Director-General for Energy Dominique Ristori and representatives of the European Investment Bank (EIB) and the European Bank for Reconstruction and Development (EBRD). 

Following the request of the Energy Charter Conference to the Energy Charter Secretariat, to develop in 2018 the first public edition of the EIRA Report, the participants identified further options for improvement of the Report, in order to enhance its impact. Moreover, they discussed the distinctiveness of this new publication, including its value in the light of the transition to a global low carbon economy, and explored several modes of cooperation.