The Energy Charter Treaty : A Tool To Combat Climate Change or An Obstacle To The Energy Transition?
The Energy Charter Treaty (ECT) entered into force two decades ago. Under this international treaty, foreign investors can sue signatory governments at international arbitration tribunals over measures in the energy sector that they consider harmful to their profits.
Lawyers and arbitrators often argue that the investment protection chapter of the ECT could be an effective tool to combat climate change. It could help attract capital for clean energy and can put pressure on the States to maintain support for renewable energy projects.
On the other end of the spectrum, some academics and civil society claim that the ECT risks undermining the Paris Agreement as it protects investments in climate-wrecking fossil fuels and creates hurdles for actions to establish a just and socially fair energy transition.
The high-level debate will bring together international experts, policy-makers, trade and climate campaigners who will discuss how the Energy Charter Treaty can be a threat to take action on climate change, if and how it could ever become climate-friendly and what the EU could do to stop protecting polluters through its trade and investment deals.
The debate is hosted by the Transnational Institute, Corporate Europe Observatory, Friends of the Earth Europe, Client Earth and 11.11.11.
Places are limited, so please register in advance.