207. Leading MENA countries can provide valuable experience that will help spur RE development at a larger regional scale, via the provision of commercially-relevant information on individual country policy and regulatory regimes, plans for regional cooperation, knowledge of large - scale RE deployment in EU grid systems, and dialogue between public and private financiers on the availability and design of public finance products.
208. Continuous monitoring of renewable energy incentive efficiency is required by public authorities, including via public-private policy dialogue. Within the MENA-OECD Investment Programme, the MENA-OECD Force on Energy and Infrastructure provides such a forum and could serve as a regional platform to reduce information asymmetries, uncertainties and risks when implementing incentives.
| Box 8. Fostering regional cooperation and policy dialogue in the renewable energy sector Since 2012, the OECD has partnered with the 15 Member States of the Southern African Development Community (SADC) in elaborating a Regional Investment Policy Framework, based on key elements of the OECD's Policy Framework for Investment (PFI). The SADC Regional Investment Policy Framework seeks to provide practical policy options and guidance in four inter-related policy areas: investor protection, restrictions on Foreign Direct Investment, tax incentives for investment, and infrastructure investment. The latter pillar, on which the OECD actively collaborates with the SADC PPP Network, should facilitate implementation of successful infrastructure projects both within countries and across borders. For instance the regional projects comprised within the SADC Regional Infrastructure Development Master Plan (RIDMP) involve multiple SADC governments and would very much benefit from infrastructure policy frameworks that are more coordinated and coherent across neighbouring countries. This type of regional cooperation would be beneficial in the MENA region. |