African governments must develop practical and market driven local content regulation to promote their energy sectors, the Regulatory Affairs Committee (RAC) of the African Energy Chamber (AEC) has said.
The AEC said this in a statement on a raft of proposals the RAC made after its maiden meeting of the year in South Africa to discuss regulatory matters that impede African energy sector’s growth and come out with proposals on progressive regulation fit for the post COVID-19 recovery.
The purpose of the meeting was also to identify and track global regulatory trends and make propositions to African regulators on how these could be adopted and adapted to improve the operating environment in Africa’s energy sector.
African governments urged to develop market driven local content for energy sectors ghanaiantimes.com.gh - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ghanaiantimes.com.gh Daily Mail and Mail on Sunday newspapers.
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The African Energy Chamber’s Regulatory Affairs Committee (EnergyChamber.org) held its first meeting of the year to discuss regulatory matters that impede the African energy sectors growth and to make proposals on progressive regulation fit for the post COVID recovery. The purpose of a regulatory committee is to identify and track global regulatory trends and make propositions to African regulators on how these could be adopted and adapted to improve the operating environment in Africa’s energy sector. Through its work, the Regulatory Committee was able to assist the Chamber in crafting propositions that led to some changes in regulations on how to soften the impact of COVID-19 on energy companies in a number of countries at the start of the pandemic in 2020.
APO | 15 February 2021
African Energy Chamber’s Regulatory Affairs Committee calls for less red tape and regulation that reflects post COVID Market realities
The African Energy Chamber’s Regulatory Affairs Committee (EnergyChamber.org) held its first meeting of the year to discuss regulatory matters that impede the African energy sectors growth and to make proposals on progressive regulation fit for the post COVID recovery. The purpose of a regulatory committee is to identify and track global regulatory trends and make propositions to African regulators… Read more on https://africa-newsroom.com/press/african-energy-chambers-regulatory-affairs-committee-calls-for-less-red-tape-and-regulation-that-reflects-post-covid-market-realities?lang=en
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