To stimulate investment in renewable energy, Latin American countries should update regulatory frameworks, share their regulatory experience, and learn from Europe. This was the conclusion of a Latin American inter-parliamentary energy conference (CIME 2001) in Chilean capital Santiago. "The European experience could provide a series of legislative and promotional options for similar processes in Latin America, with its great potential in terms of renewable sources of energy, such as geothermal, solar and wind energy," concluded the conference. It also felt that co-operation with the European Commission is important, "considering the significant role of European power companies in the Latin American market." A Latin America-EU trade forum for efficient electricity technology was recommended.