On 13 June 2022, the Secretary-General of the Energy Charter Secretariat, Mr Guy Lentz, and the Deputy Secretary-General, Ms Atsuko Hirose, held an online meeting with the Chair of the International Energy Charter Industry Advisory Panel (IAP), Mr Rafael Cayuela.
Secretary-General started by thanking the IAP Chair for successfully participating in the Strategy Group meeting, one of the subsidiary groups of the Energy Charter Conference, on 7 June. Following the exchange of opinions on current issues related to energy security in the world, Secretary-General shared some updates on the negotiations on the modernisation of the Energy Charter Treaty. Once the negotiations are concluded, Secretary-General suggested holding a joint videoconference among the interested member countries of the Treaty, the IAP, and the Secretariat, to discuss the implications of the modernised Treaty to the stakeholders and how the Treaty can accelerate the decarbonisation of the industry to help achieve the goals of the Paris Agreement. He also emphasised the significance of the existing multilateral investment agreements that create legal frameworks for investment protection and the reduction of venture risks, especially in the emerging markets. Mr Cayuela provided an update on the discussion on the draft IAP strategy among its members and informed about the future events and actions initiated by the IAP. The parties also discussed the potential involvement of the IAP and industry at large in the activities aimed at restoring the Ukrainian energy and adjunct infrastructure.
The meeting was concluded by agreeing on a follow-up meeting to discuss the next steps and upcoming joint activities.
The Industry Advisory Panel is the expert consultative body to the Energy Charter Conference, providing policy advice from energy companies, international business associations and financial institutions on energy investment and the functioning of energy markets. The Panel members represent all sectors of the energy industry from a wide range of Members and Observers of the Energy Charter Conference.