This page offers information on the scope and methodology of EIRA. Read about the different parts of the data collection and validation process and the scoring system.
Read the EIRA 2020 Executive Summary
EIRA evaluates three types of risk: (1) unpredictable policy and regulatory change, (2) discrimination between domestic and foreign investors, and (3) breach of State obligations. It highlights the key strengths and areas for improvement in each country, gives recommendations to improve results, and assists policymakers in designing risk mitigation plans. EIRA recognises that various factors outside its scope can shape investment decisions. For this reason, it does not claim to give a complete picture regarding the investment prospects or attractiveness of a country. Similarly, it does not judge or indicate if one country is better to invest in over another.
EIRA methodology in a nutshell
What are the risks assessed by EIRA?
Unpredictable policy and regulatory change
Discrimination between domestic and foreign investors
Breach of State obligations
How are the EIRA indicators selected?
What are the EIRA indicators?
1. Foresight of policy and regulatory change: National energy priorities and regulatory frameworks evolve in response to changing circumstances. Meeting new objectives may result in policy revisions, and governments must be sensitive to the impact of such revisions on long-term investments. Ensuring stable conditions is a major challenge as the global energy transition is proving to be a highly dynamic process. Policy and investment patterns are likely to evolve as countries seek to decarbonise their energy sectors under the Paris Agreement. Managing this change is crucial, so governments must communicate any adjustments to their energy policy objectives and effectively plan and implement the means to pursue them. Investors can then better manage risk, modify investment portfolios and cope with the policy changes.
in conflict and post-conflict societies”. It focuses on three aspects of this definition. First, fair and effective implementation of national laws and international commitments arising from treaties and international agreements; second, settlement of investor-State disputes promptly and according to due process; and third, respect for the property rights of foreign investors. Peace, security and human rights are outside the purview of EIRA.
How are risks assessed in EIRA?
How are the respondents for EIRA selected?
What is the data collection and validation process for EIRA?