Economic Cooperation Organization

Astana – June 12-13, 2024

The United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP), in collaboration with the United Nations Economic Commission for Europe (UNECE), convened the Regional Stakeholder Consultations on Energy Connectivity and Sustainable Energy in Astana, Kazakhstan, on June 12-13, 2024.

A pivotal session during these consultations focused on advancing the ECO Regional Electricity Market (ECO-REM) Project and developing a subregional roadmap for multilateral power trading linked to renewables. Aligned with the ESCAP Project “Energy Connectivity for Sustainable Development,” the ECO-REM Project aims to deliver a comprehensive roadmap for the ECO Region by the end of 2024, offering targeted policy and regulatory recommendations.

Mr. Fuad Farzalibeyov, ECO Director for Energy, Minerals, and Environment, delivered the opening address, emphasizing the ECO-REM Project’s role in enhancing regional energy security and sustainability efforts. He commended ESCAP’s support for the project and urged cohesive dialogue among ECO Member States to actively engage in the peer review process. Participants provided valuable insights on the draft roadmap and discussed the framework for regional electricity connectivity and markets.

The final roadmap is slated for presentation at the upcoming UN Climate Change Conference (COP29) in November 2024 in Baku, Azerbaijan.