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Energy Charter Treaty

Modernisation of the Energy Charter Treaty (ECT) - Understanding what is at stake and what’s next

Following 15 negotiation rounds that took place from July 2020 until June 2022, the failure of the modernisation of the Energy Charter Tretay became a fact. Several EU countries announced their withdrawal. The next step is to withdraw the EU/EURATOM and to develop an intra-EU agreement to cancel the sunset clause that extends the protection of foreign investment in the energy sector by 20 years after the withdrawal becomes effective. 

 

Modernisation of the Energy Charter Treaty: A Global Tragedy at a High Cost for Taxpayers

The Energy Charter Treaty (ECT) is a multilateral investment agreement solely dedicated to protecting foreign investments in energy supply. By January 2020, the Treaty has been ratified by 53 countries and the European Union/Euratom. Under the ECT regime, foreign investors can sue host States through arbitration tribunals, typically, composed of party-appointed private lawyers.

Modernisation of the Energy Charter Treaty: A Global Tragedy at a High Cost for Taxpayers

The Energy Charter Treaty (ECT) is a multilateral investment agreement solely dedicated to protecting foreign investments in energy supply. By January 2020, the Treaty has been ratified by 53 countries and the European Union/Euratom. Under the ECT regime, foreign investors can sue host States through arbitration tribunals, typically, composed of party-appointed private lawyers.

Modernisation of the Energy Charter Treaty: A Global Tragedy at a High Cost for Taxpayers

A presentation by Dr. Yamina Saheb will highlight the main findings of the report and provide the audience timely analysis of the ECT modernization process before the first negotiation round planned in April 2020.

The presentation will be followed by a panel discussion and an interactive question and answer session with the audience

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