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Industry Advisory Panel holds its 46th meeting

On 6 December 2022, the International Energy Charter Industry Advisory Panel (IAP) held its 46th  Session. The event, hosted by Marcogaz, took place in Brussels, Belgium and was attended by the IAP members, representatives of diplomatic missions, energy companies, international organisations, research centres, and business associations.

The meeting participants were welcomed by Mr Rafael Cayuela, the IAP Chair and Chief Strategy Officer & Corporate Chief Economist at Dow EMEAI, Mr Manuel Coxe, Secretary-General of Marcogaz, and Mr Guy Lentz, Secretary-General of the Energy Charter Secretariat.

The first part of the Panel meeting was dedicated to developments within the IAP, including:

(i)                  Welcoming a new member – Marcogaz;

(ii)                Implementation of the IAP Programme of Work 2022 and the outline of its  Programme of Work for 2023; and

(iii)               Approval of the mid-term strategy of the IAP.

The next part of the meeting was divided into two thematic sessions. The first thematic session was dedicated to assessing damage to Ukraine’s energy infrastructure, with a view to restoring the critical infrastructure. The interventions addressed key issues, such as support of international financial institutions to Ukraine, proper assessment of the damage to Ukraine’s energy infrastructure, and perspectives of the European energy sector.

The second session focused on the impact of climate change on the world economy and the Energy Charter Treaty for its mitigations. The interventions covered causes and ways for the ongoing shift from fossil fuels to renewables, protection of pro-climate investment through the Energy Charter Treaty and advantages offered by the modernised version of the Treaty. Both sessions involved active discussions among the panellists and participants of the meeting.

The Industry Advisory Panel is the expert consultative body of 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 includes 66 members from all sectors of the energy industry and from a wide range of Member and Observer of the Energy Charter Conference.