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Paris Agreement
Following 15 negotiation rounds that took place from July 2020 until June 2022, the failure of the modernisation of the Energy Charter Tretay became a fact. Several EU countries announced their withdrawal. The next step is to withdraw the EU/EURATOM and to develop an intra-EU agreement to cancel the sunset clause that extends the protection of foreign investment in the energy sector by 20 years after the withdrawal becomes effective.
The German government has been worried about being sued by the fossil fuel companies behind the Russian gas pipeline under the Energy Charter Treaty.
The RWE case against the implementation of the Dutch climate target provides additional evidence that EU climate law needs provisions to end protection of foreign investment in fossil fuels.
The German Presidency should end the comedy of the modernisation of the Energy Charter Treaty and work on a decision to withdraw en masse from the treaty without further delay.
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