The current financial crisis should not determine the delaying or softening of the regulations regarding energy market development, emissions reduction and increased use of the renewable energy resources, the American Chamber of Commerce in Romania said in a press release.

The American Chamber of Commerce in Romania announced the release of a new position paper on energy and environment, elaborated by AmCham Romania working group.

The document details potential Government initiatives in both fields, on a short and medium term, which should be supported by AmCham Romania members.

“Along with the strategy, we emphasize the emergency of launching of coherent measures, adopting the best practices in the field, the importance of political consensus and the consistency of decision-makers in the implementation of energy and environment policies. Future actions in these sectors should not be isolated, but on the contrary, be part of an integrated approach of the competitiveness – climate change – energy security triad”, said the chairman of the AmCham Romania Energy & Environment Committee, Cristian Colteanu.

The document notes that high energy prices, carbon constraints and greater competition for resources and markets are risks but also present opportunities Romania should seize in order to ensure a strong competitive advantage in the region.

“New greener technologies can stimulate growth and create new jobs and services and AmCham Romania is willing to contribute in this respect. At the same time, AmCham Romania can provide support and expertise to address the key energy challenges in the context of CEE regional energy market and the achievement of EU Energy Efficiency Policy in terms of a sustainable, competitive and secure energy future for Romania”.

AmCham Romania advocates for a consolidation and functional legal and regulatory framework and a stable and coherent energy policy, based on a mix of energy resources and new technology with secured energy supply and strategic energy infrastructure.

It also supports a clarification of the legislation regulating the renewable energy sector in Romania, including clarifying the required production of electricity from renewable resources, as per Law 220/2008 and issuing norms for the enforcement of this law, as well as new regulation on grid connection of new investments.

Other measures proposed by the American Chamber of Commerce in Romania include It also supports the implementation of a coherent energy efficiency policy, tackling all energy sectors from production to transport, distribution and consumption, as well as ensuring improved energy efficiency in buildings through implementation of energy performance in buildings directive recast.