DiXi Group and foreign partners start working on a new edition International Energy Transparency Index
The International Energy Transparency Index expands the range of participating countries and becomes an established practice. Additionally to Ukraine, Moldova and Georgia, experts will scrutinize the energy sector of EU member Romania. The project is implemented by think tank Dixi Group with the financial support of the European Union and Black Sea Trust for Regional Cooperation.
In 2020 DiXi Group experts in cooperation with foreign partners developed the first issue of the international Index, which revealed the actual level of information transparency in energy sectors of three Eastern Partnership countries – Ukraine, Moldova, and Georgia.
Continuation of the project in 2021 allows assessing the progress participating countries have made over the last year.
The presentation of key findings of the International Energy Transparency Index’s 2nd edition is expected in March 2022.
According to project manager Bohdan Serebrennikov, evaluation of transparency progress in combination with international comparative analysis and ranking may effectively incentivize national governments to continue reforms in the energy field and enhance information openness of the markets.
“Considering Ukraine’s intentions to integrate into European energy markets, the enlargement of assessment scope to Romania, which is a EU member, will enable in-depth comparative analysis and more efficient indication of regulatory and transparency gaps”, Serebrennikov said.
Following the evaluation, experts will make specific recommendations aimed at increasing the transparency of energy sectors of Ukraine, Georgia, Moldova, and Romania. Thus the Index may be a useful tool not only for the expert community but also for public authorities and other stakeholders.
The findings of the International Energy Transparency Index may also be valuable for international institutions, which may consider the Index for better understanding of energy policies and of countries’ markets, to provide more focused support for reforms in the energy sector.