Withdrawal effect: does exit from the Energy Charter Treaty spell trouble for renewables?
The European Commission tabled a proposal on 7 July 2023 for the European countries to jointly exit the Energy Charter Treaty that covers investment protection provisions in renewable projects.
Legislative context The Energy Charter Treaty (ECT) came into force in 1998 and is currently ratified by 56 countries, primarily in Europe and Central Asia. Originally designed to enable Western oil and gas investments in former Soviet bloc countries, the...
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