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INTRODUCTION TO EIRA

Adjustments to legal and regulatory frameworks and policy planning approaches are inevitable – and even necessary – for countries to successfully achieve a clean energy transition. As a result, governments worldwide are dramatically revising their public policy goals to ensure climate-compatible development, decarbonise high-emission sectors, and achieve net-zero emissions by mid-century.

Undoubtedly, the current energy transition will create new dependencies and energy security concerns, which will cause further changes to long-term policy trajectories. Countries will consider and apply the most appropriate policy, legal, and regulatory measures to reduce dependency on imported fossil fuels, promote resource diversification, and secure critical raw materials to support renewable energy technologies.