ISDS Case Map
climate
The much-criticised free trade agreement between the EU and the four Latin American countries in Mercosur is currently at a standstill but could be revived.
African countries are increasingly becoming signatories to the ECT potentially tying the hands of government to freely design their climate policies.
Climate, Environment, Sustainable Development, and Green Deal Minister Zakia Khattabi reiterated her support for Belgium’s withdrawal from the Energy Charter Treaty during the EU’s Environmental Council meeting.
Slovenia will follow the lead of countries such as the Netherlands, Spain and France and very likely withdraw from the Energy Charter Treaty, Infrastructure Minister Bojan Kumer announced.
France, Germany and Spain plan to leave the controversial investment pact, putting a whole system of dirty energy protections into play.
Quitting the ECT, which protects fossil fuel investors from policy changes that might threaten their profits, was ‘coherent’ with Paris climate deal, Macron said.
Signing the ECT would give the transnational companies in the energy sector a weapon to re-colonise Nigeria, as it would also be incompatible with Nigeria’s economic diversification aspirations.
The Netherlands is leaving a controversial energy treaty because it conflicts with Paris climate accord commitments, energy minister Rob Jetten said
The renegotiated ECT does not rise to the mounting global challenges regarding energy investment, climate action, and sustainable development.
Extending protection under the Energy Charter Treaty to investments in carbon capture, utilization and storage, hydrogen, and ammonia, among other emerging energy technologies and products, could hamper the ability of States to end reliance on fossil fuels.
