Energy Charter Treaty

160 (8) Contracting Parties shall take full advantage of the work and expertise of competent international or other bodies and shall take care to avoid duplication. Article 4: Division of Responsibility and Coordination Each Contracting Party shall strive to ensure that energy efficiency policies are coordinated among all of its responsible authorities. Article 5: Strategies and Policy Aims Contracting Parties shall 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. These strategies and policy aims shall be transparent to all interested parties. Article 6: Financing and Financial Incentives (1) Contracting Parties shall encourage the implementation of new approaches and methods for financing energy efficiency and energy- related environmental protection investments, such as joint venture arrangements between energy users and external investors (hereinafter referred to as “Third Party Financing”). (2) Contracting Parties shall 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. (3) Contracting Parties may, subject to the provisions of the Energy Charter Treaty and to their other international legal obligations, provide fiscal or financial incentives to energy users in order to facilitate market penetration of energy efficiency technologies, products and services. They shall strive to do so in a manner that both ensures transparency and minimises the distortion of international markets. Article 7: Promotion of Energy Efficient Technology (1) Consistent with the provisions of the Energy Charter Treaty, Contracting Parties shall encourage commercial trade and cooperation in energy efficient and environmentally sound technologies, energy-related services and management practices.