Energy Charter Treaty

19 International Energy Charter • develop such common safety principles and guidelines as are appropriate and/or concur on the mutual recognition of their safety principles and guidelines. 6. Research, technological development technology transfer, innovation and dissemination The signatories decide to promote exchanges of technology and cooperation on their technological development and innovation activities in the fields of energy production, conversion, transport, distribution and the efficient and clean use of energy, in a manner consistent with nuclear non-proliferation obligations and undertakings. To this end, they will encourage cooperative efforts on: • research and development activities; • pilot or demonstration projects; • the application of technological innovations; • the dissemination and exchange of know-how and information on technologies. 7. Energy efficiency, environmental protection and sustainable and clean energy The signatories confirm that cooperation is necessary in the field of efficient use of energy, development of renewable energy sources and energy-related environmental protection. This should include: • ensuring, in a cost-effective manner, consistency between relevant energy policies and environmental agreements and conventions; • ensuring market-oriented price formation, including a fuller reflection of environmental costs and benefits; • the use of transparent and equitable market-based instruments designed to achieve energy objectives and reduce environmental problems; • the creation of framework conditions for the exchange of know-how regarding environmentally sound energy technologies, renewable energy sources and efficient use of energy; • the creation of framework conditions for profitable investment in energy efficiency and environmental friendly energy projects.