Aligning Energy Charter Treaty with EU Green Deal
COMCMT1R-EP1R-C2R-EPCNCADO
Updated 71mo ago
This procedure examines how to bring the Energy Charter Treaty (ECT) in line with the EU's climate goals. The ECT was designed to protect energy investments, but some of its provisions may conflict with the European Green Deal by protecting fossil fuel investments and hindering the transition to renewable energy.
This affects energy companies and investors, particularly those in the oil, gas, and coal sectors. It aims to ensure that international investment protections do not block the EU's legal shift toward carbon neutrality.