Energy. The Parties recognise the importance of the energy sector and the role of a well-functioning market in energy to sustainable development, economic growth, contributing to the attainment of internationally agreed development goals and cooperating to address global environmental and climate challenges, and shall endeavour, within the scope of their respective competences, to enhance cooperation in this field with a view to: (a) developing policies to increase energy security; (b) promoting global energy trade and investment; (c) improving competitiveness; (d) improving the functioning of global energy markets; (e) exchanging information and policy experiences through existing multilateral energy fora; (f) promoting the development and uptake of clean, diverse, cost-effective and sustainable energy technologies, including renewable and low emission energy technologies; (g) achieving rational use of energy with contributions from both supply and demand sides by promoting energy efficiency in energy production, transportation, distribution and end-use; and (h) sharing best practices in energy exploration and production.
Appears in 12 contracts
Samples: Framework Agreement, Framework Agreement, Framework Agreement
