Common use of Energy Clause in Contracts

Energy. The Parties recognise the importance of the energy sector, and the role of a well-functioning market in energy. The Parties acknowledge the significance of energy to sustainable development, economic growth and its contribution to the attainment of internationally agreed development goals, as well as the importance of cooperation to address global environmental challenges, in particular climate change. The Parties 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 use of renewable energy sources as well as the development and uptake of clean, diverse and sustainable energy technologies, including renewable and low-emission energy technologies; (g) achieving rational use of energy with contributions from both the supply and demand sides by promoting energy efficiency in the energy production, transportation and distribution and the end-use of energy; (h) implementing their respective international commitments to rationalise and phase out over the medium term inefficient fossil-fuel subsidies that encourage wasteful consumption; and (i) sharing best practices in energy exploration and production.

Energy. The Parties recognise the importance of the energy sector, and the role of a well-functioning well‑functioning market in energy. The Parties acknowledge the significance of energy to sustainable development, economic growth and its contribution to the attainment of internationally agreed development goals, as well as the importance of cooperation to address global environmental challenges, in particular climate change. The Parties 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 use of renewable energy sources as well as the development and uptake of clean, diverse and sustainable energy technologies, including renewable and low-emission low‑emission energy technologies; (g) achieving rational use of energy with contributions from both the supply and demand sides by promoting energy efficiency in the energy production, transportation and distribution and the end-use end‑use of energy; (h) implementing their respective international commitments to rationalise and phase out over the medium term inefficient fossil-fuel fossil‑fuel subsidies that encourage wasteful consumption; and (i) sharing best practices in energy exploration and production.

Energy. The Parties recognise the importance of the energy sector, and the role of a well-functioning market in energy. The Parties acknowledge the significance of energy to sustainable development, economic growth and its contribution to the attainment of internationally agreed development goals, as well as the importance of cooperation to address global environmental en­ vironmental challenges, in particular climate change. The Parties 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 use of renewable energy sources as well as the development and uptake of clean, diverse and sustainable energy technologies, including renewable and low-emission energy technologies; (g) achieving rational use of energy with contributions from both the supply and demand sides by promoting energy efficiency in the energy production, transportation and distribution and the end-use of energy; (h) implementing their respective international commitments to rationalise and phase out over the medium term inefficient fossil-fuel subsidies that encourage wasteful consumption; and (i) sharing best practices in energy exploration and production.