Palau National Energy Policy.

This Policy provides guidance for a unified and integrated energy sector management in the country. The vision of the Policy is a reliable and resilient energy sector delivering Palau sustainable, low emissions energy services through: provision of clear direction on the future of Palau’s energy sector; appropriate regulations to securely deliver energy services at competitive prices; maximisation of cost-effective energy efficiency and renewable energy resources and conservation of energy while safeguarding our environment; promoting environmentally sustainable energy technologies with the aim to substitute imported fossil fuels; supporting consumers through the transition towards a new energy sector. Based on Palau's climate challenges, the Policy focuses on: energy efficiency and energy conservation, through the definition of targeted standards; promoting investments in renewable energy sources; promoting the development of an effective hydrocarbon sector through continuous cooperation with the international financial institutions; ensuring safe and environmentally sound import, storage and distribution of petroleum products; ensuring security, reliability and efficiency of electricity supply.