Home › Categories › Government & Policy› Modernising ECT

Modernising ECT.pdf

modernisation_of_the_energy_charter_treaty_a_global_tragedy_at_a_high_cost_for_taxpayers-final.pdf

🔗 Source: openexp.eu

📊 Size: 3.12 MB

📄 Pages: 56 pages

⬇️ Downloads: 71

Summary

The Energy Charter Treaty (ECT) is being modernized, but its continued protection of foreign investments in fossil fuels through the Investor-State-Dispute (ISDS) mechanism may hinder global efforts to address climate change. The ECT's provisions and impacts over two decades have led to significant financial burdens on taxpayers and "regulatory chill" effects. Modernization efforts may increase the share of stranded fossil fuels' assets protected under the ECT regime, protected carbon emissions, and ISDS financial burdens on taxpayers. This could lock developing countries into carbon-intensive energy systems, undermining their ability to transition to clean energy and achieve sustainable development goals. The report invites Contracting Parties to consider how the ECT can adjust to contribute to a net-zero economy by mid-century.

Download File

Description

The Energy Charter Treaty (ECT) is being modernized, but its continued protection of foreign investments in fossil fuels through the Investor-State-Dispute...

Technical Information

File Format: PDF
File Size: 3.12 MB
Pages: 56
Language: EN
Total Downloads: 71
Last Updated: 1 week ago

Document Overview

This PDF document about Modernising ECT provides comprehensive information and guidance. Whether you're a beginner or advanced user, this resource offers valuable insights into Modernising ECT.