Energy Charter Treaty

15 International Energy Charter • coordination and, where appropriate, harmonisation of safety principles and guidelines for energy products and their transport, as well as for energy installations, at a high level; • facilitating the exchange of technology information and know- how in the energy and environment fields, including training activities; • research, technological development, demonstration projects and their commercialisation; • creating a favourable environment for investments, including joint venture investments, for design, construction and operation of energy installations. 3. Energy efficiency and environmental protection, which will imply: • creating mechanisms and conditions for using energy as economically and efficiently as possible, including, as appropriate, regulatory and market based instruments; • encouraging the clean and efficient use of fossil fuels; • promotion of a sustainable energy mix designed to minimise negative environmental consequences in a cost-effective way through: i. market-oriented energy prices which more fully reflect environmental costs and benefits; ii. efficient and coordinated policy measures related to energy; iii. use of renewable energy sources and clean technologies, including clean fossil fuel technologies; • achieving and maintaining a high level of nuclear safety and ensuring effective cooperation in this field; • promotion of cooperation to reduce, as much as possible, gas flaring and venting; • sharing of best practices on clean energy development and investment; • promotion and use of low emission technologies.