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KYIV DECLARATION ON PRINCIPLES OF GLOBAL ENERGY SECURITYWe, the Participants of the Energy Summit held in Kyiv, Ukraine on May 22-23, 2008, RECOGNISING that global reserves of fossil energy resources, which are essential for maintaining the sustainable economic growth and improving the quality of life both in developed and developing nations, are limited; ACKNOWLEDGING that world's energy needs are growing rapidly and will necessitate large-scale investments in the coming decades; ACKNOWLEDGING that fossil fuels underpin world economy, and that ensuring sustainable, reliable and environmentally friendly supplies of energy at prices reflecting market fundamentals is a priority for our countries; RECOGNISING that renewable energy and nuclear power will represent an increasing share of global supply and that there is an urgent need to address global warming and climate change; ACKNOWLEDGING the increasing energy import dependence in many countries and the vulnerability of the critical energy infrastructure; HIGHLIGHTING the fundamental need of all nations for reliable, adequate and affordable energy supplies which are essential for strong and sustainable economic growth and competitiveness; RECOGNISING the need to pursue energy policies and strategies best suited to each country's national interests and international obligations, which will lead to sustainable development; ACKNOWLEDGING that fruitful dialogue on a wide range of energy security issues was established at the Krakow and Vilnius Energy Summits in 2007; RECOGNISING the growing interdependence between producing, consuming and transiting countries require strengthened partnership between all stakeholders to enhance global energy security; REAFFIRMING our collective commitment to contributing into energy security for Europe; HEREBY DECLARE the adherence to the following fundamental principles of the Global Energy Security: 1. Global energy cooperation should be based on the principles of transparency, mutual confidence, reciprocity and non-discrimination as provided by the Energy Charter Treaty. 2. Neither nation should use energy as a political leverage. 3. Development of transparent, efficient and competitive global energy cooperation is the best way to achieve common objectives of sustainable development and prosperity. 4. Fair and competitive market-based responses to the global energy challenges have to be applied thus helping to preclude potentially disruptive actions affecting energy supplies, transit and consumers to create a secure basis for dynamic and sustainable development worldwide over the long term. 5. Access to the energy resources and transit routes is to be achieved through constructive dialogue based on market economy principles and provisions of the Energy Charter Treaty. 6. Transit of energy resources has to be based on principles of transparency, uninterruptability and non-discrimination. 7. Transparent, equitable, stable and effective legal and regulatory frameworks, including the principle to uphold contracts in order to generate sufficient, sustainable international investments upstream and downstream, are crucial for the global energy security. 8. Diversification of energy supply and demand, energy sources, geographical and sectoral markets, transportation routes and means of transport constitute a vital approach to the stable and secure functioning of the energy supply chain. 9. Coping with a global challenge of the climate change, further development of renewable and other climate friendly energy, nuclear energy, promotion of energy saving and energy efficiency measures through initiatives on both national and international levels is to be a vital part of national and global energy policies. |
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