August 2, 2023
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Regulatory convergence promotes cross-sector collaboration to align performance standards, shared infrastructure and cooperative regulation for interdependencies.
Cross-sectoral regulatory convergence is advanced to address interdependencies by aligning regulatory objectives, sharing knowledge, and adopting cooperative governance practices. The colloquium promoted collaborative regulation through infrastructure co-creation and co-sharing, national and international cooperation, and harmonisation of performance standards. Operational measures discussed included Open Access, Power Purchase Agreements and Competitive Bidding in electricity, and implementation methods for Environmental and Social Impact Assessment. The FOIR Centre at IICA was identified as a capacity-building and advocacy partner to sustain ongoing collaboration and institutionalise convergent regulatory strategies.