The EU taxpayer is the main loser from the continuation of the Energy Charter Treaty which locks Europe into carbon and energy injustice at a high cost to taxpayers.
The EU and its member states should collectively withdraw from the Energy Charter Treaty, which protects fossil fuel investments, and go to the UN Climate Summit in New York with a call to develop a ‘Treaty for the Non-Proliferation of Fossil Fuels’, argues Yamina Saheb.
The Energy Charter Treaty (ECT) is a multilateral investment agreement which protects investments in the supply of energy. The ECT was signed and ratified by the EU and its Member States in the 1990’s.
The Energy Charter Treaty (ECT) is a multilateral investment protection agreement which protects investments in the energy supply.
For the first time, since the entry into force of the ECT in 1998, the geopolitical, climate and financial impacts are assessed.
The analyses show that: